A fifth of business time is wasted searching for information.
What would you do if you had full time member of staff who only turned up 4 days a week? You’d fire them right? What if I told you that without the right project information management, the equivalent is happening each week!
According to a McKinsey report, employees spend 1 and half hours every day – 7.6 hours per week on average, searching and gathering information. That’s nearly the same as having 5 workers and only 4 turning up; the fifth is not contributing any business value as they are off searching for answers.
Lack of information results in:
- Poor decisions based on faulty or wrong information, delivering poor results
- Duplicated efforts because more than one business unit works on the same project without knowing it has already been done
- Lost productivity because employees can’t find the information they need and have to resort to asking for help from colleagues
Is social collaboration the answer?
Social collaboration has emerged as a way to connect people to people and people to information so they can be more informed, collaborative and make real-time decisions. It could save time and money, and result in your team working at full capacity.
What forms of social collaboration do you use? Please leave a comment below.