A recent IDC study revealed

So what can you do? Let’s explore more deeply the problem of knowledge loss and look into solutions that can retain knowledge across your enterprise and save time and money. What is Knowledge Loss? Knowledge loss refers to the loss of knowledge within an organization or project when individuals leave

or when knowledge is not

effectively shared and retained. This Qatar Mobile Number List knowledge loss problem is not just limited to turnover. Given the sheer volume of meetings and data packed into today’s professional world, it’s no wonder why so many businesses lose track of important details. Faithfully transcribing whole meetings rarely

happens and notes for an

important meeting often get lost. Notes aren’t always written down correctly, or they’re forgotten over time or they just aren’t easy enough to find Algeria Phone Number List within a digital maze of documents. How Much Does Knowledge Loss Cost Businesses? The cost of these knowledge gaps quickly adds up.  companies lose $31.5 billion annually due to poor knowledge sharing.