Have you ever wondered what information-related issue creates the most anxiety amongst middle managers? The fact that information overload would be near the top of the list might surprise you. In advance of 2008, Basex, a knowledge economy research and advisory firm, named information overload as the expected ‘problem-of-the-year’. They estimated that over the course of 2008, an estimated $650bn would be lost in the United States due to reduced productivity and throttled innovation. Additionally, their research concluded that as much as eight hours of worker productivity per week would be lost because of this phenomenon.
Ever feel like you need a break from work just to get your work done? You’re not alone. Information workers, who comprise about 63% of the U.S. work force, are each bombarded with 1.6 gigabytes of information on average every day through emails, reports, blogs, text messages, calls and more, according to preliminary data from a report coming later this year, an update of the 2003 “How Much Information?” report.
Managing the Knowledge Workforce: Understanding the Information Revolution That´s Changing the Business World
Comprehensive book that covers the significant changes the business world is facing. The knowledge workforce today is the lynchpin to an organization’s success, as the world morphs into a knowledge economy. This change represents a significant challenge to managers, who are accustomed to managing workers in more traditional roles. (more…)
50% of all searches fail in a manner that the person doing the search recognizes as a failure. A far more significant problem is that 50% of the searches believed to have succeeded failed, but the person doing the search simply doesn’t realize it. As a result, that person uses information that is at best out of date but more often incorrect or just not the right data. When the “bad” information is then used in a document or communication, there is a cascading effect that further propagates the incorrect information.
It took radio 38 years to reach 50 million people and television only 13 years.
It took the Internet a mere four years to reach that number. Just last month there were 10 billion Web searches performed and most people didn’t find what they were looking for. Here’s to less information!