According to a recent survey, knowledge professionals are spending 55% of
their productive time searching for the right information. A startup company in
Bangalore, i-nable Solutions, wants to change this. The company wants to bring
about a change in the way organizations look at information gathering and how it
can be turned into a competitive advantage. It is utilizing collective
intelligence and semantic technology through the use of Web 2.0 tools to allow
organizations to build their own knowledge networks.
The Idea
Talking about the concept and its relevance to enterprises and individuals,
Sumeet Anand, founder and CEO, i-nable Solutions says, With Kreeo, companies,
individuals and institutions can build their own networks of knowledge and
continue to upgrade them as they move across levels. It can help new-age
professionals to organize and improve their knowledge. He also strongly feels
that companies that are banking on archaic models of knowledge management and
corporate training are not going to get the requisite competitive advantage.
Incidentally, Anand was involved in designing a knowledge management portal way
back in 2003 when he was working with Satyam. The portal went on to win the IBM
Beacon Award for the best KM and knowledge portal. The fulcrum of Kreeo is BOK
(body of knowledge). This will include two types of knowledge poolexisting and
dynamic knowledgewhich will get updated with the addition of new content.
Business Model
Kreeo offers to target two audiencesconsumers and enterprises. For consumers
there is Kreeo Open Web, where users are supposed to register on the website
kreeo.com, and participate in the collaborative knowledge creation and sharing.
There are fourteen types of content that users can create. Each content type
represents an important dimension of common or experiential knowledge that is
used to seek or share knowledge about a concept at a micro level. Any content
which is posted can be associated with a specific type of information related to
the concept. This could be an original contribution or a link to a web page
(bookmark).
The enterprise platform enables informal sharing and collaboration in
knowledge ecosystems, which besides saving time and cost, increases
participation by building visibility, recognition, and hence leveraging internal
as well as external knowledge. Kreeo platform is designed to integrate with
existing Internet/Intranet Systems and works within the companys firewall and
allows configuration of the security by selecting objects to be posted locally
and to the open portal. There is also a built-in functionality which allows
interoperability with Kreeo Open Web. Any organization can build its own
taxonomy and concept BOKa framework which helps organize each single item of
interest people wish to know about as a concept and build the entire spectrum
of gyan around that concept. BOK helps users in collectively organizing
information related to a concept as a comprehensive body of knowledge, covering
a wide variety of subject areas such as science, technology, business, people,
place, and organization. It can be any area of interest that is broad enough to
have a whole BOK around it.
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With Kreeo, Sumeet Anand, |
For its Open Web platform the company targets online advertising, while for
enterprises it offers an off-the-shelf product. Talking about the business
model, SM Nafay Kumail, co-founder and head of business solution, i-nable
Solutions says, While we develop critical mass on Kreeo Open Web, we sell Kreeo
as an enterprise product with a host of services that customers can pick and
chose. We also offer customized Kreeo solution for unique business situations.
To ensure scalability and organizational requirements, we also offer
pay-per-drink kind of model where organizations can pick up certain features
depending on the need.
Apt Info
There is no dearth of free information on the web today. Search engines like
Google have tried their best to organize information that is available and
present the most important ones in order of importance. But the typical problem
a user faces is the relevance of information. Studies suggest that a user does
not go beyond a certain number of pages on a search result, giving an indication
of the users requirements. Users want relevant information on the first two or
three pages. But that is something all search engines, including Google, have
failed to deliver on. There are some initiatives wherein users are physically
organizing search results. In fact, Mahalo.com has tried to provide what it
calls human-powered search but is yet to achieve its intended objective. Anand
says, Web search engines offer only limited information and that too in an
unstructured manner. I strongly felt that if we could utilize the collective
intelligence of the users, we could create a common knowledge pool.
Launched as a portal Kreeo.com, in 2007, the company is trying to utilize the
current downturn by targeting companies that spend a huge amount of money on
training their workforce. According to some statistics, knowingly or
unknowingly, companies spend $5,000 per employee, per year without receiving
desired value. According to Anand, Most organizations have a courseware-driven
learning intervention and technologies that only create management reports
rather than generate value. He is confident that Kreeo innovation will change
all that.
The company is also trying to take into consideration the fact that knowledge
professionals spend most of their productive time searching for and waiting for
the right information, which is a great waste of human resources. This becomes
even more important due the fact that most of the workforce that is young and
socially, geographically and technically diverse and have moderate to huge
employee turnover.
Sudesh Prasad
sudeshp@cybermedia.co.in