Managing the collective knowledge and experience of employees is what Information Capital is all about. But how do you harness employee knowledge, their ideas, and how they generate and share information with each other and the wider business?
With Information Capital as a driver of economic growth, it’s becoming a core business focus for businesses seeking to remain competitive into the future. Research illustrates the alarming costs of not doing so:
7.4 hours lost a week "searching but not finding information" and "reformatting data from multiple sources." ¹
$12,000 per employee per year based on average salaries (IDC) ¹
IDC predicts that by 2020 digital information will have grown by factor of 30, yet the number of global IT professionals expected to manage it will only have grown by factor of 1.4 ¹
Ricoh has created five guidelines for CIOs to help manage information flow across all business divisions into the future. To learn more, please read Five Guidelines. One Direction for All CIOs.
¹The Digital Universe Decade – Are You Ready?, May 2010, An IDC iView sponsored by EMC