News release: “Recommind…search-powered information risk management (IRM) software….released the results of its recent research into the information access and search habits of UK organisations. With businesses capable of searching just 50 percent of the information that their employees need for their daily tasks, the findings indicate that legacy, one-size-fits-all ‘Enterprise Search 1.0’ systems are no longer suitable for modern enterprises that require instant, automated and highly relevant access to all kinds of information – from documents and email to fellow colleagues’ expertise and knowledge to project-specific information. The impact on businesses from this technology failure includes staff spending many hours searching fruitlessly for the information they need to do their daily jobs – with approximately a quarter of those surveyed admitting that employees typically spend more than half a day a week on this task. For a company with 1,000 employees, this equates to upwards of £50,000 worth of lost time a week or £2,600,000 a year.”