How 2.0 web technologies can benefit a business

1. It can transform businesses

1.1. increase communication

1.2. shifts media and advertising to a new dimension

1.3. keep updated e.g with rules of accounting and security

2. can reduce costs of operating on a global scale

3. form relationships with other businesses at an increased speed

4. improves efficiency to attain higher profitability

5. major enabling tool for new products, services and business models

6. allows a better relationship with customers which increases client base