Soren Innovations, Owner
Fortune 500 companies lose roughly "31.5 billion a year by failing to share knowledge" (Babcock, 2004, p.46). The problem and effects of information sharing is critical. However, information architecture that fosters information sharing and organization is lacking in most organizations. "Scientists have worked out exactly how much data is sent to a typical person in the course of a year - the equivalent of every person in the world reading 174 newspapers every single day” (Derbyshire, 2011, p. 1). This was quoted over 6 years ago and is even more true today. Information overload is making knowledge management increasingly more important. Through activily managing your organization's knowledge, you can facilitate decision-making based upon data points and not emotion; you can build learning organizations where information sharing becomes part of your company culture, and promote a culture of change and innovation.