The way we work is terribly inefficient.
On average we spend anywhere between 20 and 30 percent of our work hours looking for internal information. The number is not only consistent across knowledge industries, it rose 13 percent for engineers between 2002 and 2013.
Each one of your software developers actually spends between 8 and 12 hours each week obtaining the information they need.
Just because you cannot often perceive these costs doesn’t mean they don’t have an impact on your company’s bottom line.
The median salary of a software developer is $103,560. You are already paying between $20,712 and $31,068 to each of your developers for looking up one or another piece of internal data. This figure translates into $2–3 million a year for a company of 100 programmers.
You can cut this absurd cost of information access and streamline knowledge delivery for a more precise recall. This is where AI-driven enterprise search steps in and helps you make the most out of your content.