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Why We Think Internal Knowledge Management Will Be Critical in 2022, As Per Gartner®

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Numerous articles over the past six months have highlighted a powerful trend: Employees, shaken by the events of the last 18 months, are rethinking their priorities and their relationship to work. People are resigning and changing employers like never before. In this environment, according to Gartner’s 2022 Planning Guide for Collaboration and End-User Technologies, internal knowledge management will be critical to productivity and continuity.

Along with changing roles, many employees are shifting their expectations around remote and distributed work. As hybrid work environments, remote teams, and asynchronous communication become the norm for most knowledge industries, strategies for communicating and working together are changing. Gartner explains, “Email is slowly dying as the preferred method of communication and collaboration. Staff members and the teams they associate with are rapidly shifting to workstream and social channels to interact. This transition dramatically accelerated with the recent shift to ‘work from anywhere.’”  

Apps that enable WFA, the report notes, “are becoming pervasive in the workplace. They should be leveraged as both knowledge capture and access mechanisms, allowing workers to share knowledge resources as part of any interaction.”

Why knowledge management matters now

Knowledge management is paramount at this moment because work, and people, have fundamentally changed.

Employees aren’t all in the same location with easy, reliable access to their managers, peers, and subject matter experts. Communication happens asynchronously; you can’t tap someone on the shoulder or call across the conference room. People are also leaving companies at record levels. Without an effective knowledge management system, they can take decades of experience and institutional knowledge with them, leaving a huge gap for their replacements to fill. 

According to Gartner, “Now that ‘work from anywhere’ is the new normal, that access is no longer a given. Further, employee churn is at record levels. When key people leave the organization, their expertise goes with them. Both of these trends will continue and accelerate in 2022, putting both business productivity and continuity at risk. Internal knowledge management focused on capturing knowledge and connecting subject matter experts will be essential to mitigating this risk.”

Knowledge management done right

How do you manage knowledge in an effective, sustainable way? Start by thinking of it as knowledge sharing, not knowledge management.

The fundamental flaw in most legacy knowledge management systems is that they put the technology first and the human second. Legacy solutions can be rigid and overly structured, rather than in line with employees’ organic way of seeking and sharing knowledge. For a system to work with today’s communication and collaboration needs, people need to be able to capture, discover, or request knowledge naturally—without interrupting their existing workflows. Gartner specifically recommends that “developers should be able to document an insight or solution with the collaboration platform used by their team.”

Organizations that rely on legacy knowledge management solutions will face even bigger problems as they bring on younger employees. As The Verge points out, “the concept of file folders and directories, essential to previous generations’ understanding of computers, is gibberish to many modern students.” When these employees are stumped, their instinct is to go find an answer themselves, usually by searching in a browser or going to a forum.

People who are directly asked a question are motivated to share their knowledge with the questioner. If you asked those same people to provide detailed documentation in a Wiki, they might resist, but they’ll happily answer a coworker’s question in a chat or comment thread. Answering a question is an easier ask than writing blank-slate documentation because the audience, the starting point, and the scope are clear from the beginning.

File-based structures and directories don’t support our natural ways of seeking and providing information. The ideal solution is a knowledge-sharing process that’s frictionless, intuitive, and—most importantly—self-sustaining.

Stack Overflow for Teams fits the need

More than 10,000 teams—including Expensify, Instacart, and Microsoft—already use Stack Overflow for Teams to share knowledge, collaborate more productively, and ensure business continuity. 

With Stack Overflow for Teams, you can:

Speed up onboarding by centralizing knowledge on an intuitive platformKeep knowledge accurate by making information easy to find and updatePrevent knowledge loss and reduce repeat questions that sap productivityCollect institutional and proprietary knowledge in a continuous, organic wayMeasure engagement to see how people interact with your knowledge over time

Stack Overflow for Teams allows your employees to stay within their existing workflows. If finding and providing information is a pain, people will avoid it, but if they can do so organically within their established workflows, you can build a truly self-sustaining knowledge sharing and collaboration system.

Protect against knowledge loss

To drive productivity and ensure continuity in 2022 and beyond, Gartner recommends that companies invest in solutions that make “knowledge capture a core function of business systems, processes and workflows.” Apps that enable effective knowledge management and remote collaboration have become ubiquitous and essential in the workplace. That’s because knowledge loss is expensive in every sense of the word.

If you’re not investing in knowledge management, you could be putting your business at risk. If, on the other hand, your organization is capturing knowledge in a way that makes it easy to find and update in the future, you’re banking knowledge that will continue to pay dividends as your employee base grows and evolves.

Gartner, “2022 Planning Guide for Collaboration and End-User Technologies,”  Mark Lockwood, Mark Cortner, Darin Stewart, Larry Cannell, Guy Creese, Eric Grenier, 11 October 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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Article: cio.com

Finance

Moroccan B2B ECommerce Platform Chari Nets Funding on $100M Valuation

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Morocco-based B2B eCommerce and FinTech startup Chari could see a valuation of $100 million after a new bridge round of funding, TechCrunch reported Thursday (Jan. 20).

Chari functions as a mobile app, allowing traditional proximity store owners in Morocco to order products and have them delivered.

The company is trying to get more into the FinTech space after closing a bridge round which was led by the Saudi Arabia-based venture capital fund Khwarizmi Ventures, AirAngels (Airbnb Alumni Investors) and Afri Mobility, the venture capital arm of AKWA Group.

“Chari will use the money from this bridge round to test the BNPL services with its existing customers,” said Ismael Belkhayat, Chari’s CEO. “Upon successful results, Chari will acquire a local credit company to enable shop owners to lend money to their end users and further grow their business.”

Chari works with over half of the proximity stores in Casablanca, and has expanded into Tunisia. Last August, the company also acquired Karny, a mobile credit book application.

The Karny acquisition gave Chari more data on the loans given by grocery stores to customers, letting it credit assess unbanked shop owners and determine the best payment terms.

Chari was also a participant in the startup investor and incubator Y Combinator S21 batch and raised $5 million in late 2021. PYMNTS writes that Karny’s services help convenience stores use smartphones to manage credit arrangements with customers.

See also: Morocco’s eCommerce Startup Chari.ma Acquires Mobile Credit Book App

The company has around 15,000 convenience store customers. According to Y Combinator’s website, Chari “is an eCommerce and FinTech app for traditional retailers in North Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours.”

Chari also works as a financial services provider for retailers, offering micro-credit facilities.

PYMNTS also reported on Chari’s fundraising last year, writing that it could help the company expand into French-speaking Africa.

Related: Moroccan B2B eCommerce Firm Chari Raises $5M 

Article: pymnts.com

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Hudson Swafford Breaks From Pack Late to Win the American Express

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Hudson Swafford went eagle-birdie at the 16th and 17th holes to cap a busy final round and win The American Express on Sunday in La Quinta, Calif.

Swafford’s eagle, nine birdies and three bogeys added up to an 8-under 64 that catapulted him to victory after starting the day three strokes off theleaders. At 23-under 265, Swafford beat Tom Hoge (68 Sunday) by two shots.

Brian Harman also shot a 64 earlier in the day to se

Original Post: bignewsnetwork.com

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Finance

Is Putin Following in Steps of Peter the Great

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Three hundred and forty kilometers east of the Ukrainian capital, Kyiv, lies the city of Poltava.

At its heart is a semi-circular square with a cast-iron column and nearly two dozen eighteenth-century Swedish cannons captured in the 1709 Battle of Poltava, a decisive encounter in the Great Northern War, waged between Russia’s Peter the Great and Sweden’s Charles XII for supremacy in eastern Europe.

Russia’s

Original Post: bignewsnetwork.com

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