Report: Information Overload Costs U.S. $900B

The problem is getting worse. Every year, research firm Basex calculates the cost of information overload and the numbers keep going up by a staggering amount. For 2008, Basex estimates information overload cost the U.S. economy $900 billion in lost productivity. For 2006, that figure was $588 billion. “We’re continuing to generate more content, and…

Can CFOs Help Prevent Cyber Attacks?

Today, 2,000 chief financial officers (CFOs) at corporations around the country will get a copy of an action guide that will help them deal with cyber attacks. Not chief security officers or chief information officers, but chief financial officers. There’s a reason for that choice. Despite the highly publicized losses due to a data breach…

Inadequate Tools Send Software Down the Drain

Fortune 500 companies abandon more than one-third of software-development projects after implementation because they don’t meet user needs, according to a study released today by analyst firm Voke Media. The survey was conducted from April through July. That sees a lot of money squandered — the average project costs $3.2 million and requires almost 1,300…

Information Overload: Is There a Cure?

PALO ALTO, CALIF. — Basex chief analyst Jonathan Spira wants to make one thing clear to people who think it’s more effective to juggle multiple tasks at once: “There’s no such thing as multitasking,” Spira said. “We’re switching between tasks, but we [human beings] are not capable of multitasking.” The comments came during a recent…

Make Green With Green

An effective national energy policy will be a greater challenge to the U.S. government and technology sector than some of the country’s most storied scientific achievements, venture capitalist John Doerr said Wednesday. As part of a day-long blitz of Capitol Hill offices, Doerr and other members of TechNet, a nationwide network of tech CEOs, introduced…