"The knowledge sharing paradox is that while sharing our knowledge is good for the organization, each individual has to see a personal benefit as well. The more the enterprise directs knowledge-sharing, the less likely it will happen. Conversely, the less structured the process, the more difficult it is for the organization to benefit. Damned if you do, damned if you don’t, or so it seems."
"Peter Williams, Deloitte’s Chief Edge Officer, said even though the average Australian spends around 22 hours using social media each week, many organisations are unaware how the smart use of these skills can improve productivity and engagement.
The recently released report, Rethinking social media: Building the social organisation through HR, produced by the Australian Human Resources Institute (AHRI) and Deloitte’s Centre for the Edge, examines social media usage by HR practitioners.
“Social media is becoming increasingly important as a way of building an organisation’s social capital” (refer definition below), said Mr Williams. “Social tools help organisations connect networks of people, promote idea sharing among their employees and drives innovation. Tapping into the collective wisdom of an employee base can help an organisation ‘know what it knows’ more quickly than relying on more traditional knowledge management systems.”
Data analysis is very similar to performing magic. With great skill you can pull things together and create the perception of surprising relationships. Often the magic is getting people to look at one thing, when they should be seeing another.
Big Data is “the next frontier for innovation, competition, and productivity,” says McKinsey & Company. But companies and executives rushing into data collection and analysis expecting immediate payoffs are bound to be disappointed.
Written by Ashish Thusoo, the CEO and co-founder of Qubole, a big data startup. Ashish Thusoo (photo: Albert Chau) If you think your data is not big enough to be a Big Data problem, think again. Big Data has become a deceptive term.
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