5 ways that wikis help you cut costs

October 17, 2008

With all of the woefully bad economic news over the past several weeks, organizations are naturally looking to cut costs.  This usually takes the form of delaying projects, cutting back on outsourcing and contracted work, and generally trying to do more with less.  These are hard decisions to make, and the downstream effects can be quite harmful to productivity.  So, how do you make sure that you stay on track when your resources are scarce?

Here are 5 ways that an enterprise collaboration tool can help:

  1. Prevent knowledge loss.  Cutting resources is a very difficult decision to make because the organization loses the knowledge that departing employees have.  This means that people are not as productive because answers are no longer readily available.  However, if you use a wiki for knowledge management, you never have to worry about key information leaving your organization.
  2. More effective use of resources.  Enterprise collaboration software can help you do the same work with fewer resources.  Instead of preparing reports and having meetings to discuss things like competitors, industry news, and company issues- capture those things in BrainKeeper and let the software distribute that information and collect feedback.  You can get back hours of your day!
  3. Make decisions and execute.  Meetings are not needed to make every decision.  And most everyone has regretted making some decision over email (you didn't CC the right people, responses were misinterpreted, etc.).  Use BrainKeeper Forums to quickly gather feedback and opinions from everyone, and make the best decision.
  4. Keep track of stalled projects.  When resources are cut or reassigned, projects can be halted for weeks or even months.  If your discussions, decisions, analysis, ideas, and strategies are all kept within collaboration software- you can pick up right where you left off.
  5. Be prepared for next time.  The economy rises and falls, just as your revenues and resources do.  By using an enterprise wiki, you can make the best possible decisions for your organization.  While your competitors are struggling, you will be able to stay on track and have a significant advantage under any market conditions.