Intraversed Scorecards
the Intralign Encyclopaedia—ROI Calculator

Improving Efficiency and Reducing Risk

with Active Knowledge Management

Organisations are affected by the current global uncertainty and chaos. This is an opportune time to gain competitive advantage by creating clarity and certainty in your organisation through active knowledge management.

Why knowledge management matters

Data-driven business environments must have clear and consistent communication to ensure

  • operational efficiency,
  • regulatory compliance, and
  • strategic decision-making.

The cost of inefficiency

Research by International Data Corporation (IDC) and separately by McKinsey reveals that knowledge workers spend on average between 1.8 and 2.5 hours each day searching for information. However, half the time they do not find the information they need. That equates to a significant lost-opportunity cost to the organisation.

A well-managed business encyclopedia can significantly increase search success.

The difference between a business glossary and a business encyclopedia

  • A business glossary defines terminology across the organisation.
  • A business encyclopedia provides comprehensive access to resources, including people, processes, and information artifacts.

Both of them ensure that everyone 'speaks the same language' but the business encyclopedia is paramount to ensuring that the business glossary is enabling efficient access to your information resources—your people, processes and your information artefacts, such as policies, procedures, and other information needed for effective decision making, both strategic and operational.

Benefits of a business encyclopedia

With active knowledge management that a business encyclopaedia enables, that lost-opportunity cost can be significantly reduced. It also:

  • reduces time spent searching for information, and
  • lowers risk of incidents due to access errors (e.g., incorrect procedures in healthcare may lead to undesired effects on treatment and health outcomes).

ROI Calculator—About

This calculator provides a return-on-investment estimate for implementing our Intralign® Business Encyclopaedia for Active Knowledge Management, and is based on industry employment figures sourced from the Australian Bureau of Statistics (ABS).

However, this scorecard only calculates against one of several parameters—the reduction in cost from time wasted in searching for information.

We believe in transparency

Only if you feel the result provided looks favourable, there's an option at the end to request a more comprehensive business case at no cost and no obligation.

You'll also be offered the opportunity to secure a highly discounted copy of our book, Data Governance Needs Risk Management. Supported by numerous case studies, it details our 4-point KSIR strategy for implementing active knowledge management.

ROI Calculator—Start

Enter or select the relevant information for your organisation to see what the possible ROI will be for your organisation.

Introduction OrganisationWorkforce Submit

Click "Next" to begin. This questionnaire contains 4 questions in 2 categories, and completing shouldn't take more than about 5 minutes.

1. Organisation

Different industries employ different categories of workers, and each category may or may not be considered as "knowledge workers"ⓘ. Based on the total number of workers in your organisation and data from the bureau of statistics, we can estimate the number of knowledge workers.

 

2. Workforce

Based on your chosen industry, the following are considered knowledge workersⓘ and are presented with their percentage of the total workforce. You can select a different set of job categories if you think that will better reflect the knowledge workers in your organisation.

Please select from the list all occupations that are considered knowledge workersⓘ in your organisation. Select all that apply.

Result

Based on your input, we calculate a return on investment (ROI) of:

But please note:

The above calculation includes the cost of one resource for encyclopaedia administration but does not take into account these other benefits:

  • Improved communication and collaboration - a centralised glossary ensures that all staff can use and understand the same terminology, reducing miscommunications and avoiding project overruns caused by misunderstandings. We have plenty of examples in our case studies, which you can download here.
  • Enhanced data quality – clear definitions prevent inconsistencies that lead to data quality issues. Better data quality supports more accurate reporting and analysis. Removes scrap and rework on reporting and analytical projects.
  • Regulatory compliance – Consistent terminology is required for compliance reporting and reduces the risk of non-compliance penalties.
  • Improved Onboarding – new employees can quickly get up to speed with industry and company-specific terminology, enhancing their productivity and reducing the learning curve for new hires.

One more step

To get a detailed business case with your figures included, fill in the form below and click the "Submit Assessment" button below.

Click for more information on the Intralign Encyclopaedia's business glossary and knowledge management.

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