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The inability to obtain information in an environment where value can be extracted has a negative effect on virtual transformation, says a new report.
“Significant obstacles come with knowledge that takes too long to reach the cloud, analysts that take too long to analyze it, disruptions that move knowledge to the cloud, and knowledge that is too distributed,” according to a recent report by WANdisco.
80% of respondents said their organization’s knowledge is being used. And 75% said at least some of their knowledge is stuck in silos, and that inaccessibility causes moderate to significant frustration for 45% of respondents, according to the report. The top reasons provided by respondents for trapped knowledge are the time it takes to move it (46%), the threat of disruption (44%), and the load (44%).
Better control of knowledge can reduce silos, but it requires express skills, which respondents say are lacking in their organizations. For example, 42% said they don’t know how to move and unlock knowledge.
Another challenge is that knowledge is developing at exponential speeds. In 2020, the amount of knowledge created reached a new peak and is expected to be successful in more than 180 zetta by 2025, according to Statista. Respondents said such an expansion is too rapid for them. Specifically, 78% said it is developing faster than their ability to derive the price of it.
According to the report, the infrastructure needed for knowledge expansion and analysis further complicates the problem, but moving knowledge to the cloud is not enough to make sure it is available and usable. For example, 40% of respondents pointed to the inefficiency of synthetic intelligence. and device learning models and 41% to the lack of knowledge sharing as barriers.
“Having knowledge in the cloud is a difficult resource to create value, but only if combined with a transparent knowledge control generation to enable knowledge,” the report says.
Considering all that, it turns out that knowledge-based decision-making is less difficult said than done, yet the report notes that 45% of respondents said knowledge remains the number one driving force of most or all business decisions, and for those it is not. ‘t, 84% said it will be within five years.
In fact, 96% of respondents said they would use knowledge to generate new sources of profit.
“Only fragments of corporate knowledge become tangible results,” David Richards, co-founder and CEO of WANdisco, said in a press release. based on the knowledge generated to date it will look like a grain of sand compared to the beach we will be sitting on in 10 years.
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