Note: Running most Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the Entrepreneur’s Playbook page of the PKF Texas website.
This is a second in our series on Information Management from Microsoft and PKF Texas. Organizations generate more and more information that is increasingly valuable, but also increasingly hard to locate and use in a meaningful way. Knowledge workers spend 15 percent to 30 percent of their work days looking for information, and at least 50 percent of online searches are not successful. The number and complexity of information sources are growing constantly, which results in people storing more data in more places. This creates inconsistencies and confusion.
As a result, the return on information for enterprises is lower than it should be. The growing complexity of business information makes it increasingly difficult to structure, organize, and process the information to improve business insight. Compounding this issue, people have an increasing amount of data on their computers, much of it stored and organized poorly. Often, when this data is placed on corporate networks, there is no unified process for filing and retrieving it.
In the next few weeks we will provide some solution insights for Information Management.