News & Press: Information Sharing News

The High Cost of Not Sharing

Monday, October 30, 2017   (0 Comments)
Posted by: Martha Hill
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The annual budget season is here. Whether you’re in the public, for-profit or non-profit sector, the scene is pretty much the same: fighting over where to make those dreaded “cuts.”

Budget planners needn’t look very far. As our institutions have expanded, so have the redundancies and inefficiencies that continue to drain our resources. Much of the unnecessary waste can be traced directly to the lack of information sharing.

Information sharing not only involves crossing organizational boundaries, but cultural, legal, procedural, political and technological ones as well. Yet despite all the wrangling, tight budgets and ballooning deficits alone have not provided enough incentive to break down those barriers. When lives are lost, however, that’s when people begin to take notice.

In healthcare, for example, the chronic lack of information sharing has been a major factor in the 100,000 deaths that occur in the United States every year due to medical errors. Similarly, during 9/11 and Hurricane Katrina, many lives were lost because critical systems were unable to communicate with each other.  Read more at this link:

Source: KM World, November/December 2017, [Volume 26, Issue 9]