Information overload costs the U.S. economy $900 billion per year in lowered employee productivity and reduced innovation, according to the latest research from Basex, a provider of research on the productivity of knowledge workers and how technology impacts them. Information overload describes an excess of information that results in the loss of ability to make decisions, process information, and prioritize tasks. It has been identified as a key challenge for companies that operate in the knowledge economy. Workers spend up to 50 percent of their day managing and searching for information, according to a recent survey conducted by Basex of more than 3,000 knowledge workers.
