The Enterprise Knowledge Market V1.2

Slide 1: The Enterprise Knowledge Market by Jeremy Thomas September 2007

Slide 2: Emerging markets produce high quality goods and services at low costs.

Slide 3: innovate to remain Companies must therefore competitive (Rod Boothby).

Slide 4: 1000’s of knowledge workers to The capacity of innovate is far greater than that of a few executives ( Rod Boothby).

Slide 5: knowledge worker A is a professional who applies his or her intellectual capacities to the acquisition, processing, management, and communication of knowledge. (translationbureau.gc.ca)

Slide 6: connects Enterprise 2.0 knowledge workers so they can share ideas, collaborate and innovate.

Slide 7: flattens hierarchies and removes Enteprise 2.0 contribution barriers. Output from troops in the trenches is directly visible to Generals on the hilltop.

Slide 8: Knowledge workers participate in an Enterprise 2.0 the ecosystem because of the principles of Invisible Hand (Adam Smith – the Wealth of Nations) A knowledge worker “…intends only his own gain”, he seeks recognition which can ultimately lead to promotion and a pay raise.

Slide 9: And these “selfish” contributions make the enterprise as a whole better off.

Slide 10: recognized How, then, are knowledge workers for the work they do?

Slide 11: Enterprise Knowledge The Market (EKM)

Slide 12: discovers The EKM information assets in blogs, wikis, legacy content repositories – the entire enterprise information landscape.

Slide 13: information asset An is “a component or product of an information system that can be defined, scoped, and managed for reuse” (nsw.gov.au) Blog posts, wiki pages, project plans and detailed design documents are all example information assets.

Slide 14: converts The EKM then information assets into information commodities.

Slide 15: commodity An information can be thought of as a knowledge “…item produced for exchange” (wikipedia).

Slide 16: initially Information commodities are valuated based on: “Page Rank” Subscriber Count Download Count Age

Slide 17: collective Then they’re left at the mercy of intelligence.

Slide 18: Knowledge workers “buy” or “sell” commodities in the EKM based on the value they derive from them. Think Digg.com.

Slide 19: rises falls with each A commodity’s value and buy/sell transaction.

Slide 20: showcases The EKM enterprise information commodities and their value index:

Slide 21: Over time, the enterprise (a.k.a. “the market”) adjusts the value index of information commodities to reflect the actual value the enterprise derives from them.

Slide 22: As a result useful information assets and genuinely visibility. innovative ideas are given

Slide 23: recognition Visibility leads to

Slide 24: compete for recognition. Knowledge workers

Slide 25: participation. Competition fuels

Slide 26: Participation  more quality information assets  innovative ideas increased probablility of surfacing.

Slide 27: happy Innovation  increased economic viability  enterprise.