Information and the ease at which information is created and moved is blossoming into a great problem. So much so that it has caught the attention of a noted consultancy firm as 2008’s Problem-Of-The-Year!
The problem and its growth is “Information Overload”. It costs our economy in productivity and time some serious money. In 2006 the estimated cost came in at $650,000,000,000 … that’s six-hundred and fifty BILLION. A figure that is roughly equal to the Gross Domestic Product of the 16th largest economy in the world, The Netherlands.
Economic costs are run up when we are distracted and interrupted from our core duties and have to take the time to get re-engaged after responding to needless or repetitive communications.
This from the Associated Press via WIRED TECH BIZ News -
Researcher: Info Overload Costs Economy
By ANICK JESDANUN - AP Internet Writer - Dec 26, 12:04 PM EST
Think twice before you copy someone on an e-mail or hit "reply all." Such practices have made today's workers less productive, a research firm concludes.
After years of naming a product or person of the year, Basex Inc. decided to forecast "information overload" as problem of the year for 2008.
"It's too much information. It's too many interruptions. It's too much lost time," Basex chief analyst Jonathan Spira declared. "It's always too much of a good thing."
Workers get disoriented every time they stop what they are doing to reply to an e-mail or answer a follow-up phone call because they didn't reply within minutes. Spira said workers can spend 10 to 20 times the length of the original interruption trying to get back on track.
Spira has a number of recommendations: Resist the urge to immediately follow up an e-mail with an instant message or phone call. Make sure the subject line clearly reflects the topic and urgency of an e-mail. And use "reply all" sparingly.