The Value of Social Network, by IBM research

From http://smallblue.research.ibm.com/projects/snvalue/

The goal of this project is to integrate financial capital, human capital and social network analysis to formally and quantitively define and model social capital. Our interest is to find out what are the real dollar value of social networks.

Nine hundred and forty-eight dollars.

That’s the annual dollar value of each person in your email address book at work, according to a novel IBM study published in the Winter Information Systems Conference in February 2009.

IBM researchers, together with researchers in MIT, were looking to scientifically determine how valuable electronic social networks are, such as those in a group that primarily communicates electronically. Using mathematical formulas, honed by observing the email traffic and financial success of 2,600 anonymized far flung IBM consultants collaborating on thousands of projects during one year, researchers found that not all email relationships were equal.

In fact, they found that people with strong email ties with a manager, or had a more diverse circle of correspondents, enjoyed greater financial success than those who were more aloof. Teams with an even mix of genders also performed well financially. Individuals have more diverse networks and thus have more people who are reachable within 2 social steps (i.e., your friends’ friends’ friends.) is valuable. Too intensive communications to the same people have negative impact, perhaps because of the repetitive redundant information exchange.

Links for 2009 07 29

Links for 2009 07 26

Google and Virgin to conquer Mars … opensourceing it!

virgle
UPDATE: thanks to the comment by Vincenzo, I now know this was a April 1st fool! Thanks Vincenzo! The application form with its strange questions could have me realize that! Example:
# I am a world-class expert in
physics
medicine and first aid
engineering
Guitar Hero II

Project Virgle, the first permanent human colony on Mars, by Google and Virgin.
The vision is heavily based on Open Source and Crowdsourcing. Clever move, both from PR perspective and from practical perspective!

It comprises three equal partners: Google, Virgin and a diffuse network of talented individuals who want to participate in our mission.

Who do I see as the perfect leader for this project? Yochai Benkler, fabolous author of the book “The Wealth of Networks: How Social Production Transforms Markets and Freedom” and of “Sharing Nicely: On shareable goods and the emergence of sharing as a modality of economic production”, most inspiring paper I ever read.

More from http://www.google.com/virgle/opensource.html:

A post-post-industrial economy
What does “open source” mean in the context of a distant, planet-wide, century-long enterprise? Today’s industrialized (and post-industrialized) (and, one imagines, post-post- industrialized) economies are sustained not so much by physical wealth as by advanced systems of shared knowledge whose marginal productivity grows as more is accumulated. “Shared,” however, doesn’t mean valueless; we see Virgle as a decidedly for-profit venture that will develop most efficiently via decentralized models of effort, authority and reward. If the first economic revolution was agricultural, the second industrial and the third digital, the fourth will be Open Source — the birthing of a planetary civilization whose development is driven by the unbound human imagination.

We want to engage, one might say, the Long Tail of human creativity. Instead of 5,000 people working 12 hours a day six days a week in exchange for a full salary and benefits, imagine 5 million people working a few hours a week in exchange for contribution-based equity in the form of shares in Virgle Inc and ownership of the land of which the colony will ultimately take some form of possession.

You weren’t thinking real estate? Start. Virgle’s costs will be considerable — we’re planning on up-front investments of $10-15 billion in the first two decades –- but so too will the colony’s long-term earnings. Whatever one’s interpretation of the Outer Space Treaty, for instance, it seems clear that the initial explorers and developers will be able to claim ownership of some significant portion of 143 million square kilometers of Martian real estate, which, sold (or traded as open-source sweat equity) at an average value of $10 per acre, would be worth a cool $358 billion. Multiply that by 100x for its post-terraforming value and you get a figure of $36 trillion. Clearly, whatever model of real estate distribution our emerging society adopts, its worth will exceed the investments likely to be required to unlock that value.

Our civilization’s most valuable export, meanwhile, will be intellectual property. The problems our Pioneers solve in the course of their world-building enterprise will represent an engine of invention in dozens of lucrative areas, from biotechnology to geology, physics to agriculture. We see the community’s system of intellectual property development evolving from a community open source model to commercial open source (or perhaps we mean that the other way around?). We can imagine that commons-based peer production model — in which the creative energy of large numbers of people is coordinated into large, meaningful projects, mostly without traditional hierarchical organization or direct financial compensation — extending to almost every imaginable aspect of Martian life.

Links for 2009 07 22

  • Trust No/Every One | The AppsLab
    "When we inject trust into the equation. It’s altogether different. I have an implied social network I live and breath within at Oracle. They are not only important to me, but I to them. It’s an inseparable part of getting things done, and the power of social networks is that the relationships become explicit and the content is relevant."