How much is your intranet really worth financially? To date, no one has been able to provide a solid answer. Until now, that is.
Tuesday 5 May at Intranets Live marks the launch of IBF's new Intranet Financial Value Benchmark and gives us all an answer to this "six million dollar" question - featuring BT, where this breakthrough service has been successfully piloted.
Developed in conjunction with financial analysts and some of our 70 member organisations (namely BT, Nokia, Sara Lee, BP and Lloyds TSB), IFVB quantifies the exploited and unexploited contribution of an intranet in terms of financial cost savings, revenue gains and reduced risks. In this way, organisations can finally put a monetary figure on the value of their intranet assets and services.
Specifically, an IFVB evaluation provides:
- a top-line financial value for intranet or related portal services
- a breakdown of value into functional areas (such as HR and sales & marketing)
- an estimate of the exploited and unexploited value per employee
- recommendations on how additional financial value can be exploited
- value comparisons with other organisations (these will build over time and are strictly confidential).
IBF will present the findings of each evaluation in an easy-to-absorb report that is credible to CIOs, CTOs and CFOs.
The new service, which was successfully piloted in BT, is available to both IBF members and non-members.
The findings from our initial work prove that the exploited financial value of intranet services within major enterprises runs to several hundred million dollars per annum - and dwarfs the investment levels made. The unexploited financial value levels are equally striking!
Having gone through the evaluation process, Mark Morrell, Intranet Manager at BT, told me that this was a significant and ground-breaking piece of work and that it help BT prioritise future development.
To find out more about this new service do join us at our May 5 episode of Intranets Live - our monthly online broadcast held on the first Tuesday of every month.
Co-hosted by Paul Miller of IBF and Shiv Singh, vice president, Razorfish, in this month's programme, we bring you:
- 'What is the Financial Value of your Intranet?': Mark Morrell, intranet manager, BT
- Live intranet tour - Arup
- Live intranet tour - Razorfish
- Intranet focus: Candace Cahill, intranet manager, Philips
plus live phone-ins, breaking news and more!
SPECIAL: Guest speaker Mark Morrell, BT intranet manager talks about how his organisation have used the Intranet Financial Value Benchmark to demonstrate the financial value of the BT intranet.
You can find out more about the Intranet Financial Value Benchmark by contacting me at paul@ibforum.com or Nancy Goebel at nancy@ibforum.com.
