The world's biggest productivity drain - Facebook - is aiming to take on the enterprise space

The world's biggest productivity drain - Facebook - is aiming to take on the enterprise space
There are plenty of places on the Internet that can suck your time away without you really noticing, including reddit, Tumblr, YouTube, and on and on. But, there is no destination that causes a bigger productivity drain for the most amount of people than Facebook, because some just like to creep on friends' pictures, other play games, or bounce around on the myriad links shared. Somehow though, Facebook thinks it can make a dent in the enterprise space.

The Financial Times is reporting that "Facebook at Work" is expected to be released sometime in early January. The product will start out being free and without ads, but after Facebook can grow the service a bit, that will likely change. The service is being tested right now in "fewer than a dozen companies", but is expected to be finalized soon. The service reportedly will be something of a mashup between Google Drive, LinkedIn, and maybe Slack, with options for employees to collaborate, edit documents, collect professional contacts, and chat with colleagues.

As for the "why" of this move, that is a bit easier to figure. It boils down to this: Facebook is a huge company (#15 in terms of market cap) and so it needs to go after markets with a lot of revenue potential. Earlier this year, Gartner predicted that enterprise software spending would be in the realm of $320 billion for 2014, and undoubtedly higher than that for 2015. Facebook wants a piece of that. 

FEATURED VIDEO

4 Comments

1. ThePython

Posts: 902; Member since: May 08, 2013

YouTube is my biggest productivity drainer, actually. I barely use Facebook (#TeamInstagram). "Gotta write/check some docs. But YouTube looks so fun, gonna try to do both at the same time. Oh screw docs, I'm watching it full screen."

2. Tziggy14

Posts: 624; Member since: Sep 02, 2014

HAHAHAHAHAHAHAHAHA!!!!!!! This cracks me up. They're not going to take over from Office, or even Google Docs. It took decades for Office to get to its full features today business use. How does FB expect to catch up where there are plenty of free good productivity suites available.

3. Sauce2

Posts: 199; Member since: Oct 21, 2014

Because it's Facebook.

4. mike2959

Posts: 696; Member since: Oct 08, 2011

Also the biggest battery drain.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.