The best practices and strategies to unlock the hidden value of information.
Within, an enterprise or a company, nothing is most critical like
information. Most often the information circulates among employees and leaders,
but, each other lack skills, great processes, methodologies and technologies to
tap knowledge, to unlock the hidden value of information or to extract value
from these data.
In fact organizations face structured and unstructured data from multiple
sources, susceptible to help them increase revenue, reduce costs, respond to
customer needs more quickly and accurately, or bring products to market faster.
As part of our global commitment, Connectikpeople.co soon #Retinknow® has captured
for you a new research from International Data Corporation (IDC). According to this report unstructured content accounts for 90% of all
digital information.
Connectikpeople.co soon #Retinknow® also observes that, to understand what
organizations were doing to extract value from their unstructured content, IDC
surveyed 2,155 organizations across six countries and conducted in-depth
interviews with 11 organizations in the United States and Europe.
IDC identified a set of leading
organizations that have a high Knowledge Quotient (KQ), a score developed by
IDC that identifies an organization's ability to unlock the hidden value of
information.
The lessons learned from organizations interviewed and surveyed as part of
this study show that unlocking the hidden value of information can yield
immediate and tangible results.
Some of
the other findings from the study include:- 61% of knowledge workers regularly access four or more systems to get the information they need to do their jobs, and close to 15% access 11 or more systems.
- 36% of a typical knowledge worker's day is spent looking for and consolidating information spread across a variety of systems. These workers can find the information required to do their jobs only 56% of the time.
- 72% of KQ Leaders versus 25% of others cited unstructured information access and analysis initiatives as very important to their organization's revenue growth.
Regarding the best Practices of Knowledge Quotient Leaders, the lessons learned from organizations interviewed and surveyed suggest the following:
- Create an organizational information access and analysis strategy to tie structured and unstructured data sources together virtually.
- Implement search strategies that can effectively access siloed and legacy data sources.
- Develop and promote an organizational culture that understands and embraces the collection, use, sharing, and dissemination of information as a key asset.
- Use information handling techniques and processes such as text analytics, auto-categorization, auto-tagging, and auto-taxonomy generation to extract additional value from your unstructured information and relate it to your structured data repositories.
- Develop measures and methodologies for determining success.
The IDC multiclient study, Unlocking the Hidden Value of Information,
was sponsored by the following organizations: Attivio, Coveo, Earley and
Associates, HP, IBM, IHS, Lexalytics, Sinequa, and Smartlogic.
