Information is the life blood of your company
Tim "Hoss" O'Leary
Senior Business Solutions Consultant | Helping Clients Reach Their Business Goals for More Than 30years
The High Cost of Information Overload
In our modern information age, timely access to the right knowledge can make or break an organization's success. As a 2018 survey found, 76% of executives consider information to be their company's most critical asset. Yet 60% felt their employees struggled to find the information they needed due to time constraints and lack of know how it is a paradoxical situation. Enterprises spent over $884 billion on information technology in 2030 alone. Technologies like intranets, content management systems, and corporate portals have helped improve information access for knowledge workers. But they have also contributed to a deluge of data that makes finding the precise piece of vital information more difficult than ever. Knowledge workers need unified, universal access to all organizational information. But they only require the specific subset that solves their problem at hand. Current systems fail to bridge this gap between access and relevance.
The Root of the Problem
To understand how we arrived at this unacceptable state, we need to examine the historical forces that created today's information quagmire. Legacy information systems are structurally limited, with deep-rooted barriers to seamless knowledge sharing information volumes continue to explode, the cost of this dysfunction grows. Employees waste immense time and effort fruitlessly searching for critical data. This leads to poorer decisions, duplicated work, and lost productivity - undermining the very reason we invest in information technology. The solution requires overcoming the technical and cultural constraints baked into existing systems. We need next-generation tools that provide knowledge workers with unified, intelligent access to precisely the information they need, when they need it. Only by solving the information overload paradox can enterprises truly unleash the power of their most important asset - their collective knowledge. Those that succeed will gain an enormous competitive advantage. Those that fail to evolve will be left behind in the relentless information economy.