Battling Information Overload: Interview With LexisNexis' Mike Walsh

By Business Pundit  NOV 23, 2010 12:30 PM

Feeling overwhelmed at worked? Welcome to the new normal. Here are three tips to help you stay productive.

 


Editor's Note: This content was originally published on Business Pundit by Drea Knufken.

Feeling overworked and under-productive? If so, you’re in good company. Half of employees globally are struggling to manage a daily flood of information, according to LexisNexis’ 2010 International Workplace Productivity Survey, which polled 1,700 white-collar workers in five countries.

The situation is so bad that we’re headed toward an information breaking point. “About eight in 10 professionals admit to deleting or discarding work information without fully reading it,” according to one of the study’s findings. Fifty-nine percent of workers have had to process more information at work since the economic downturn. Most of these workers admit that their inability to quickly sort through the information they need makes their quality of work suffer.{FLIKE}What’s a white-collar worker to do? We caught up with Mike Walsh, LexisNexis president and CEO of US Legal Markets, to take a closer look at the flood of information that threatens to drown the global workforce.

Q: Can you tell me what the most information-overloaded professions in the US are?

Well, I can tell you that our 2010 International Workplace Productivity Survey looked at how information overload affects white-collar professionals, including those in the legal, financial, engineering, manufacturing, educational, consulting, governmental, and health-care industries.

While we don’t have a specific breakdown by industry, the overall findings are alarming:

The survey shows that on average, white-collar professionals report spending over half (51%) of their workday receiving and managing information, rather than actually using information to do their jobs. For US professionals, this is an almost 10% increase in time spent during their workday receiving and managing information since 2008.

Additionally, professionals in each market we surveyed report that between one-third and one-half of the information they receive at work each day is not important to getting their job done. This amounts to a huge amount of time lost as they sift through irrelevant information.

We also know that the rising tide of information is preventing workers from getting their jobs done effectively. For example, professionals in each country we surveyed report that, at least once a week:
 


Q: What are the worst consequences of information overload on a systemic level?

In our opinion, and based on what we’ve seen in the survey results, information overload will continue to negatively impact employee productivity if companies choose to ignore the issue. The heavy toll on employee morale and productivity will eventually come to bear on the bottom line.

Currently, a majority of workers in every market (62%, on average) admit that the quality of their work suffers at times because they can’t sort through the information they need fast enough. Moreover, approximately one in two (52%) white-collar professionals report feeling demoralized when they can’t manage all the information that comes their way at work.

Ultimately, the resulting problems for firms could range anywhere from lost productivity and profits to lost talent.

Q: What are three things white-collar workers can do to make themselves more productive?

The first step to manage your information is to keep control of your inbox, e.g. by using software that’s tailored to the way you think and work, as not everyone organizes information in the same way. You can set rules and boundaries for yourself -- maybe have less-important emails automatically filter into a folder and allow yourself a specific time each day to review that folder.

Personally, I try to not let the constant email flow interrupt my work day. I rather set aside pockets of time during my day to respond to emails -- tackling high-priority issues first, getting to lower-priority issues later in the day. I also take advantage of creating specific folders for each subject and never keeping a full inbox.

Secondly, you should ask your employer or your IT department for help. There are resources, technology, and software out there that are designed to work the way you work and can help you better manage all the information that comes your way. More than eight in 10 workers who participated in our survey, regardless of where they were based geographically, stated that their employer has taken at least one action to help them manage information efficiently, such as investing in technology, offering training, and establishing “email-free” times. This needs to become common practice in businesses across the board.

Beyond technology investments, the leadership of an organization can help in keeping the information deluge manageable for everyone. For example, when it comes to emails, I try to bundle my communications and, unless there is urgency, I won’t send out emails over the weekend. As we all know, in a 24-7 world, receiving a note from your CEO over the weekend can trigger an avalanche of email reactions…

I am also cognizant of the means of communication I am using -- email, phone, meetings, webcasts, blogs. This holds true for my communication with employees, customers, and partners. It’s important to identify the right channel of communication to exchange information in order to run a successful business.

Q: Is the fact that workers can’t sort through information quickly enough to stay productive a technology issue, or a self-management issue? In other words, who carries the onus for keeping workers productive, the tech companies who create the software workers use, or the workers themselves?

It’s a bit of both, and in our opinion, it’s also the employers’ responsibility.

In our digital age, many workers are expected to be plugged in 24-7. However, on average, two in three (65%) professionals say the constant flow of email and other information is distracting, making it difficult to focus on the task at hand.

Everyone’s job demands are different, but it’s important for employees to work with their employer to set up a standard for response-time expectations as well as how tasks should be prioritized. Employers should also regularly work to update their information management systems so that their employees have access to fast, up-to-date technology.

As far as tech company responsibilities, increasing workplace productivity is at the heart of LexisNexis. It is our job to understand the challenges faced by the professionals who use our services, so that we can develop solutions and services that are tailored to meet their needs, and help them overcome the challenges they encounter at work. For instance, we conducted this survey as a part of our ongoing effort to better understand and collaborate with our clients.

We have also embarked on the “New Lexis” initiative to create the next generation of technologies that help our customers become more productive and generate better outcomes for their practices, their businesses, and their clients. Results of this initiative include Lexis Advance for Solos, Lexis for Microsoft Office, and InterAction 6.0 for Microsoft Outlook, to name a few.

Official bio: Mike Walsh is the president and CEO of the LexisNexis US Legal Markets division, a leading legal solutions provider in the US providing research, litigation, marketing, and business solutions to law firms, corporations, and government agencies. Under his direction since 2006, the LexisNexis US Legal Markets team works closely with business and legal professional customers to deliver information and software offerings that help them work more efficiently and achieve better outcomes.


No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.