Information overload is not going away. A recent IHS Knowledge Collections Webinarprovided an interesting statistic by Outsell: an engineer’s time spent searching for information has increased 13% since 2002.
A new survey by SearchYourCloud revealed “workers took up to 8 searches to find the right document and information.” Here are a few other statistics that help tell the tale of information overload and wasted time spent searching for correct information – either external or internal:
- “According to a McKinsey report, employees spend 1.8 hours every day—9.3 hours per week, on average—searching and gathering information. Put another way, businesses hire 5 employees but only 4 show up to work; the fifth is off searching for answers, but not contributing any value.” Source: Time Searching for Information.
- “19.8 per cent of business time – the equivalent of one day per working week – is wasted by employees searching for information to do their job effectively,” according to Interact. Source: A Fifth of Business Time is Wasted Searching for Information, says Interact
- IDC data shows that “the knowledge worker spends about 2.5 hours per day, or roughly 30% of the workday, searching for information….60% [of company executives] felt that time constraints and lack of understanding of how to find information were preventing their employees from finding the information they needed.” Source: Information: The Lifeblood of the Enterprise.