Phil Fersht (ex. AMR) started an interesting conversation on his Outsourcing Blog: Horses for Sources with a post titled The great analyst firewall: will banning analysts from blogging damage the traditional research business, or help create an entirely new one?
The “rock star” analyst had arrived. People paid good money to spend time with these people, to hear their views, use them as a sounding-board, or just to be associated with them. And their growing corporate stables certainly didn’t refuse the increasing moneys that came rolling in off the back of their growing relationships and influence. The rock stars created buzz and drove the industry, challenging both vendors and customers to innovate and transform business models.
However, like anything else, corporates like to monetize their brands to the max, scale their businesses and drive down their costs. It’s business economics one-on-one, and the big analyst firms are no different.
And its consequence:
We want Bill, not Ben
Having their clients say “I want Bill, not Ben” was (and still is) infuriating to the analyst firms. They want their clients to pay the same for the 28-year old fresh from her MBA, than they did for the rock stars of yesteryear. And they’re currently succeeding, as there aren’t too many alternatives right now.
Now, as a self-confessed “ex-Rockstar” puts it, it doesn’t go without implications for the business model, and maybe this is why Forrester, but also Gartner restricts analysts to blogging on their coverage areas to their corporate site, while Ovum doesn’t even feature their analyst bios on their extranets:
A (now departed for vendor land) fellow ex-analyst at IDC used to say that most of the firms could never figure out how to deal with an analyst transitioning from labor to talent since you pay each of those people in very different ways. Talent drives revenues, but paying people as talent is bad for profit plans.
To me this is quite obvious: the result of analysts work (read when paid by their employers) is intellectual property. And since that IP is not only created during business hours (whatever that means nowadays), it rightly belong to the analyst firms -just like inventions and patents they might come up with. This is purely hypothetical because never has one ever heard of a patent filed by an IT analyst. (DISCLAIMER: yes, provocative statement, but who knows we might learn something cool from the comments of this posts?)
So, just get over it, who gives a damn anyway? BTW, check Josh’s comment in the thread and you’ll see the Forrester blogs debate has no raison d’être. Merv also blogger here about the different policies here, good wrap up with lots of quotes.
More intriguing are firms without a presence at all in the online conversation -I’d say they’re missing out, both on branding, influence, research validation, etc… There’s little evidence to back this up (cf. Gerry‘s comment).
So, where does it lead us? One sub-header gives up a clue to the real issue, and that’s way beyond blogging:
Aren’t analysts supposed to create buzz?