Productivity
The State of Knowledge Management 2014 report from the Technology Services Industry Association (TSIA) asked participants:
"If your organisation was sharing knowledge as well as they possibly could, how much would it improve the productivity of your team?"
40%
said that sharing knowledge well could increase employee productivity by 20-30%
a Third
of respondents said that a successful enterprise knowledge initiative had the potential of improving productivity by 30-50% and even more
Consistentcy
In the same TSIA State of Knowledge Management report, participants were asked…
"Do you use the same technology platform for both employee and customer-facing knowledge systems?"
32%
the greatest majority said they use totally separate knowledge technologies meaning employees see one answer, while the customer or the public sees another
Silos of knowledge, lack of upkeep and lack of use all contribute to the delivery of inconsistent information.
Staff Churn
Among the leading reasons for employees churning in any job is lack of proper tools.
Churn comes from:
- Having too many disjointed tools
- Not having the latest information.
- Having to hunt for it among different systems, tools and channels.
According to IDC’s Unlocking the Hidden Value of information Survey:
44%
of the time, most employees can’t find the answers they’re looking for
61%
currently have to access four or more systems when looking for information.
This ultimately results in frustration and churn, and increased hiring and training costs. Reduces training times and improved staff engagement are key benefits of good knowledge management.
Customer Service
99% of consumers surveyed say that getting satisfactory answers is the most important prerequisite to a great customer experience.
98% of consumers surveyed say the need to be connected to someone knowledgeable is key to good customer service
The benefits of customer service agents (and all employees for that matter) being information aware are especially important when it comes to service.
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