'Too Much Information' Costs $650 Billion Annually

Research firm, Basex has declared 2008 the “Year of Information Overload,” and to add a cherry to the top of that sundae, they say $650 billion in productivity was lost in 2006 due to email, SMS messages, and IMs. One could guess it was even higher in 2007 (no thanks to you, Twitter and iPhone — dastardly little purveyors of doom!)

How can you put a stake through the heart of multi-tasking? Johnathan Spira, Basex’s lead researcher, says to resist the urge for instant gratification; instead, says Spira, you should try walking the tightrope line between getting things done and pestering co-workers with the ‘Reply All’ button.

Boosting Productivity image by Kables [cc, 2.0]