Half of our modern economy is built on knowledge workers and knowledge-based work.
But “knowledge management” as a concept carries a lot of baggage. When people in companies bother to think of it at all, it brings to mind menial, thankless tasks like updating the company wiki.
And, wow. What a disservice that perception does to a company’s opportunities for success.
One of your coworkers has a question.
Maybe she’s having trouble connecting to the printer. Or she’s looking for a high-resolution logo. Or needs to learn about your company’s maternity leave policy.
How should she get her question answered? Whom should she ask?
Every company wants the best possible talent.
They build elaborate and expensive recruitment strategies. They invest in lavish perks and benefits to attract and then keep people around.
But many companies seem to overlook linchpin that can bridge the promises of recruitment to the likelihood of high employee engagement and retention—employee onboarding.
Here at Spoke, we’ve spoken to people at many, many companies who at some point decided to use Google Drive as a knowledge base.
And from almost every one of those people, we’ve heard almost the exact same thing:
“We spent a lot of time creating and organizing documents in Google Drive so people could help themselves to useful information, but nobody uses it!”
Artificial intelligence (AI) is a boon to modern workforces.
AI can handle mundane and repetitive tasks across the organization, freeing up people in HR, IT, marketing, and more to exercise creativity, solve complex problems, and otherwise focus on getting impactful work done.
Knowledge silos are a natural outcome of the way we’ve structured work.
Employees generally advance their careers within organizational verticals (like IT, HR, or Sales), building subject-matter expertise as they go. Horizontal career progression across different teams isn’t really a thing.
That’s part of why so many organizations have verticals (or teams) outside of which useful information just isn’t shared. Effective cross-team sharing of knowledge and information just isn’t built-in to the way many companies operate. And that results in avoidable losses in innovation, efficiency, and profitability.
Modern support automation tools demonstrably improve customer service. They give people tools to fix their own problems, leading to faster resolutions. They keep customers up-to-date on the status of their requests and let support teams pay more personal attention to complex problems.
Automation–especially in the form of artificial intelligence (AI) technologies–is set to have major impacts on the modern workplace. Many of those impacts are positive. The results of a 2017 survey showed that nearly half of all companies using automation felt the technology “either transformed or had a positive impact on their businesses in the last 12 months.”
Some impacts of automation can be negative—or at least perceived as negative. The biggest concern is that the adoption of automation will lead to layoffs. But the reality is that the benefits of implementing automation in the workplace far outweigh the disadvantages. And even the disadvantages are often exaggerated, better described as challenges.
We live in a knowledge economy, making knowledge one of the modern company’s most important assets.
How important? Consider these statistics:
Given the importance of knowledge to efficiency and productivity, it’s critical that organizations manage their knowledge effectively.