Bob Holland briefly gives his thoughts about Web 2.0 catching on in the Detroit area.
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In this 3 minute podcast (download iPod compatible, 15MB), Bob Holland gives a quick synopsis of Web 2.0's penetration in the traditional business setting. Bob starts off by talking about the general notion of positive network externalities in any information systems product. Basically, in most information systems products, you gain by having others use it also. At the very least, you gain by having a larger pool of people providing feedback about the product and who you can share information with.
Web 2.0 essentially transfers this social network effect to the Internet. Traditional businesses are really just catching on how to use this feature with services like Linked In.
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