Although data is growing rapidly information is still difficult to find in most organizations. That is the most obvious conclusion from our annual global Enterprise Search and Findability Survey. 64 percent of respondents from organizations with more than 1000 employees say it is difficult to find the right information internally. Surprising since 79 percent think it is of high importance. But there are some good news too, 36 percent of respondents have a search strategy in place and 38 percent plan to implement one.
A recent report by European Union’s Joint Research Centre called “Enterprise Search in the European Union: A Techno-economic Analysis” found two main reasons for adopting a strategy for Enterprise Search; the growth in data generation and a more worrying one – the fact that this huge amount of information is largely unstructured. An estimated 80% of the information stored is either unstructured or has no adequate metadata for the needs of employees.
The survey findings show the need for enterprises to adopt enterprise search solutions to overcome the burden of information overload which faces the knowledge workers of today’s organizations. Not finding information, or even worse, finding the wrong information is still the reality for most organizations. Companies may be sitting on a considerable stock of digital assets but still being unable to capture and value from them.
Get budget for search
McKinsey & Company wrote an article recently, “Measuring the full impact of digital capital” saying that the need for growth and competitiveness will force companies to build strong digital capabilities. For those concerned about how to get funding for search I want to point out that the benefits from this investment are clear with improved quality in business decisions, increased efficiency and a more harmonized global offering as direct results. Much happier employees is a positive side effect.
Read more about the survey and download the report for free here!