Information overload describes an excess of information that results in the loss of ability to make decisions, process information, and prioritize tasks. The Basex Information Overload Exposure Assessment service provides companies with actual measurement of the problem and specific recommendations to lessen its impact.
Organizations of all shapes and sizes have already been significantly impacted by information overload, a problem that costs the U.S. economy $900 billion per year in lower productivity and throttled innovation. Over the past year, we’ve been working with companies to reduce information overload in their organizations and they have seen almost immediate benefits in increased efficiencies, cost reductions, and improved information flow.
Basex helped one client, a global leader in communications, recapture approximately 12 percent of time lost due to information overload, valued at an estimated $2.8 million per annum. For another client, Basex helped reduce the company’s exposure by 18 percent with a commensurate increase in employee efficiency and effectiveness, translating into an annualized savings of several million dollars.
This week, we are introducing the Basex Information Overload Exposure Assessment, a service that helps companies pinpoint opportunities to reduce the amount of information overload and simultaneously reduce costs within their organizations. In a time of less is more, the ability to recapture what would otherwise be millions of lost dollars may mean the difference between profit and loss.
Find out more at our new Information Overload microsite. An Information Overload Self-Assessment Tool is available to help you take the first steps in analyzing your organization’s exposure.
David M. Goldes is the president of Basex.