Friday, September 24th, 2010
I recently managed to get the Knowledge Value Chain® boiled down to an eight-minute introductory video—then had a couple of people comment that it should ideally be half that length! So here, for you the time-challenged, the short-attention-spanned, and the just plain busy, are the key things that—if I had two minutes with you in the proverbial elevator—I’d try to make sure you came away with.
- Creating value from data is a process. It takes time. It has various elements that must be coordinated. It may not be immediately obvious how to do it—it takes planning and practice. The good news is that you can learn the process, and you can improve at it.
- Each step in the process has a cost and benefit added. The skill is in keeping the latter higher than the former by minimizing the costs and barriers to value, and by maximizing the benefits. If you can do that at each step of the process, then the whole process itself will have a positive ROI.