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Full Transcript: IBM's Errol Denger on Web 2.0 and E-Commerce
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About this feature:
The Internet and Online Commerce are undergoing a fundamental transformation led by evolving user behavior and Web 2.0 technologies. Users are no longer passive browsers; they have become active participants in powerful social communities that wield unprecedented power and influence.
"A recent survey ranked consumer consumer content as the No. 1 buying aid to a purchasing decision," noted Errol Denger, IBM's Senior Strategist for WebSphere Commerce. "And what we are seeing is that products with a wide breadth of customer reviews have conversion rates that are anywhere between 20-50% higher than products without reviews."
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