Imagine how different our world would be if man-made oil spills could be prevented entirely? If all oil companies used enterprise social media, this would be a more likely possibility.
Apache Corporation spends $2.8 billion annually to drill wells. With about 4,000 employees who have the knowledge needed to prevent trouble costs, they use TIBCO’s enterprise social media offering to share information needed on a real-time basis. Their business model is one of rapid acquisition of fiercely independent sites with their own techniques for drilling – their own tools and processes. Now, these diverse, once-competitors who kept best practices to themselves can share key learning and avoid redundant mistakes in global operations.
If all oil companies had an enterprise social media implementation like at Apache, there would be more community-driven oversight. The dialogue among employees at sites who know drilling is going badly could ask for advice and critique from key knowledge workers across the globe to identify what is going wrong. The instant feedback loop created by private social networking between experts would rapidly feed the cycle of communication. Rather than ignoring the warning signs and continuing drilling obliviously, there would be many more internal checks and balances and helpful advice through open, real-time communication on the situation. [Read more...]