December 10, 2013
Written by Bloomfire Admin
Here are a few things you could do in 9 hours:
- Fly from New York to London, clear customs and get to a hotel.
- Drive the Indy 500 three times.
- Take the Bar Exam. Twice.
- At 58,000 km/hr, you could reach the Moon from Earth.
Here’s what we actually do with 9 hours in a typical week:
The average worker spends more than 9 hours per week searching for information. Searching for and analyzing information both consume 24% of the typical information worker’s time (9.5 and 9.6 hours per week, respectively), making these tasks relatively straightforward candidates for better automation. Each task costs an organization more than $14,000 per worker per year. It makes sense, then, that if workers are spending roughly a quarter of their time searching for information and another quarter analyzing it, this time must be as productive as possible.
Many of these are direct, content-related tasks. However, collaborative tasks such as review and approval have 4.3 hours of management overhead (manage document approval) on top of the 8.3 hours of editing and reviewing that information workers do. Managing document routing consumes 4 hours. The use of software tools that streamline the collaborative review and approval process can reduce or eliminate time wasted in version control issues, reduce the management overhead for document approval and routing, and potentially reduce the edit/review time. Automating these content workflow or business process tasks could eliminate nearly a full workday a week for an information worker who performed all of them today, leaving that worker with the time to work on more productive tasks.
The math is easy to figure, but hard to swallow. $14,000 a year per employee is a lot of cash. We obviously can’t stop the need for information, so the solution is to find a way to streamline it and make the time spent as productive and valuable as possible. The automation of knowledge sharing is not just the future of social enterprise, it’s quickly becoming a necessary business tool that directly affects the bottom line. Now that you have an idea what you could do with 9 hours, imagine what $14,000 a year per employee could get you. Time and money are a business’s most valuable assets, why waste either?
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