As we enter a new decade with its fresh agendas and challenges, it feels more important than ever to know who we can trust to keep us well-informed. Bombarded with information by all kinds of new and traditional media, how are we to evaluate the available evidence, let alone decide which way we will vote?
Since one of the major media industry stories of the year has been the extended verbal assault initiated by Rupert Murdoch against Google News and other content aggregators for their “wholesale misappropriation” and “theft” of news stories from his newspaper sites, perhaps it’s time to evaluate how much leverage Murdoch and other media execs have in their battle against the search giant.
Most people understand how valuable information is in the business world; however, many struggle with the myriad of sources available and how to keep up with Generation Y and the astonishing ease in with they can collect, sort and process information. For those of us a little older, we have to change the way we deal with information and be open minded for the rapid transformations we are facing.
The article, “Death by Information Overload,” describes some of the ways information overload may be causing you harm: increased stress, impaired cognition, “information addiction.”
I recently finished Tyler Cowen’s latest book, Create Your Own Economy: The Path to Prosperity in a Disordered World. Like everything he writes, this book is worth reading and it will be of interest to those who follow technology policy debates since Cowen makes a passionate case for “Internet optimism” in the face of recent criticisms of the Internet and the Information Age in general.
I gave a presentation this week on decision-making, and someone in the audience asked me if I thought information overload was an impediment to effective decision-making. “Information overload…yes, I remember that concept. But no one cares about it anymore,” I replied. In fact, nobody ever did.
But why not? We’ve been reading articles in the press about information overload being the bane of productivity for almost twenty years
The subject line grabbed my attention-“Information Overload: The Impact on the Organization.”
The thought of spending time listening to the webcast was itself pressure. But I was feeling particularly overloaded that day, so I registered for the free event from the nonprofit group calling itself the Information Overload Research Group (IORG; https://iorgforum.org). A key company in the organization is Basex, Inc. (www.basex.com), which describes itself as a “knowledge economy research firm” that serves IT vendors and buyers with an expertise in knowledge worker management and productivity. Here’s the compelling statistic: Basex estimates, based on data it has gathered, that information overload costs the U.S. economy a minimum of $900 billion a year in lost productivity and reduced innovation. That’s a big number.
Your data is multiplying, your channels are extending, the chatter is never-ending. You’re already having trouble keeping up with the stream of information. What happens when that stream becomes a flood?
Relaxation is a whole lot more intense than it used to be. I realized this one recent lazy Sunday afternoon: Before assuming my position on the couch, I gathered the television remote control, my smartphone, a print magazine, and my laptop. Apparently this form of multitasking isn’t all that uncommon.
US intelligence officials, under pressure to better track terrorist threats, are hampered by their own vast bureaucracy and an overwhelming flow of information, analysts say.
President Barack Obama “has now discovered that he’s inherited an intelligence community in the United States which is bloated, bureaucratic and even with the best of intentions has become so large it finds it very hard to put together the pieces,” Bruce Riedel, a former CIA officer, told AFP.
As I have been talking to many firms about their social networking strategy, a problem often comes up in the conversation that is more personal to the people involved. As they are, correctly, exploring the social media themselves, they begin to feel the effects of information overload and want to know how they should handle it.
I do not pretend I know all the answers on this subject. But I think it is something that all of us that play or work on line tend to feel at one point or another. And I know if my case, I have found a couple ways to deal with it.