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KM: new frontiers, new opportunities Justin Harness Information Online 21 January 2009
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What are the most important issues facing your business and its leaders today? Profitability/working capital? Funding? Managing cost base/creating efficiencies? Knowledge capture and retention? Building and maintaining key business relationships? Leveraging existing spend (incl technology)?
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So where are the opportunities? Credit crunch Cost management Business optimisation knowing your client’s business Business consolidation Exponential technology developments Increased regulation Gen Y
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KM benefits Supporting the delivery of services Supporting cross- team and jurisdiction working Ensuring access to key resources Leveraging third party resources Providing training and development Creating cost- effective service efficiencies Supporting collaboration and innovation Supporting management of risk Building relationships Ensuring consistency and quality of service
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KM in action “ Supporting business growth and profitability” Harnessing Macquarie’s knowledge and information Reducing risk by providing access to key up-to-date tools, resources and research Contributing to business improvement, change management and sharing of best practices Leveraging internal and external expertise Supporting communications, collaboration and communities of practice across Macquarie Assisting communications and communities of practice across Macquarie
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KM @ Macquarie
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Knowledge systems Knowledge and expertise aggregation and delivery mechanisms e.g. portals, mash-ups Collaborative Technologies and processes e.g. SharePoint, Confluence Core knowledge Repositories and processes e.g. DMS-based systems Single source resources, search, information architecture and classification systems
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Elements of a successful KM programme Technical systems And processes Culture, sponsorship commitment Right people, Right structure
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Bespoke Commoditised Standardised Systematised Packaged Innovation: Susskind’s model Copyright © Richard Susskind, 2005 Published in The End of Lawyers? (Oxford University Press, 2008)
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Bespoke Commoditised Standardised Systematised Packaged Scope for innovation: Copyright © Richard Susskind, 2005
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KM in Europe Mature function utilising sophisticated systems (enterprise search, document assembly etc) Seen as core to professional services business An area of focus/opportunity in current climate Increasingly seen by clients as a differentiator and important value added service (and one which can attract revenue) Sharing knowledge and collaboration increasingly seen as a part of doing business
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The knowledge peak First stage Third stage Second stage
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New frontiers, new opportunities Databases – community – collaboration – personalisation - innovation Positioning, demonstrable results, commercial focus and packaging important, creating bridge between business and traditional IT Need to drive efficiency and innovation in current market – in part future of KM relies on success of this Technology tools increasingly flexible, personal, intuitive and fun to use – need to avoid unnecessary rigidity Need to support remote working and flexible global workforce
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The End of Lawyers? (Oxford University Press, 2008
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How are you going to add value and support your organisation to weather the current economic storm?
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