Employees can spend 30% of their day looking for or recreating information that already exists as tacit knowledge.
It’s been said that people are the greatest assets of any organization. That’s because of the wealth of tribal wisdom, or tacit knowledge, that exists in the minds of your employees. However, if this knowledge isn’t captured properly, it can hurt your bottom line.
Engineering design teams are at risk of losing valuable tacit knowledge
Tacit knowledge capture is especially important in the engineering design industry where the landscape continually changes, roles are highly specialized, and projects are increasingly complex. There’s a lot to lose as the aging engineering workforce begins to retire but even more to gain from capitalizing on knowledge that’s already present on engineering teams.
Knowledge capture is the key to preserving and harnessing the value of your team's wisdom.
Discover why in our free white paper, which includes:
- An overview of knowledge management and knowledge capture
- Types of tacit knowledge on engineering teams
- Why knowledge capture is needed in engineering
- The short-term and long-term value of knowledge capture
- How to get started and succeed