The transformation that Facebook has triggered this year in social networking dynamics will pale in comparison to the e-commerce revolution it will inspire in 2011.

Have we reached an inflection point where new digital technologies are being widely embraced and integrated into companies' 2011 budgets and strategies?

Google's reported $6 billion bid for the social-buying platform GroupOn is a reflection of the potential value it can rapidly generate buying into the exploding local mobile market. But GroupOn could command a much bigger premium in this nascent industry.