To: brian krause who wrote (1140 ) 3/22/2001 8:59:27 AM From: Al Collard Read Replies (1) | Respond to of 11802 KNX-v ...News Release Mr. David Brett reports Knexa.com's IntraKnexa knowledge management solution will initially be tailored to meet the growing need for accelerated knowledge flow in the biotechnology and pharmaceutical sectors. According to Dr. Wendy Leong, DPharm, a Knexa advisory board member: "Pharmaceutical manufacturers must find ways to create and collect knowledge, cheaper, for a significantly shorter time to new drug product development and time to market. Knowledge accelerated drug development is the key to survival in this highly innovative industry." Knexa plans to engage users to test the beta version of IntraKnexa by the second quarter of 2001 and expects to generate significant revenues from IntraKnexa by the end of 2001. Knexa will modify its IntraKnexa system to meet the unique conditions facing the life sciences sector, which some KM practitioners have described as the perfect information storm. Industry observers indicate that per-drug savings of $200-million (U.S.) in cash and two to three years in development time, are achievable using new knowledge and information management systems. "Fields like genomics and proteomics are causing a massive explosion of information," said Knexa's chief executive officer, David Brett. "IntraKnexa is designed to help knowledge workers create and share new knowledge fostered by this information revolution." A recent Ipsos-Reid study shows 91 per cent of Canadian business leaders believe knowledge management practices directly impact organizational effectiveness. According to this study, "One third of organizations without KM practices in place have plans to implement one in the next 12 months." On Monday, March 26, at 4 p.m., Knexa's chief knowledge officer, Dr. Nick Bontis, will deliver a keynote address at Information Highways 2001 Conference and Product Exhibition (March 26 to March 27) at the Metro Toronto Convention Centre. The goal of this talk is to frame and advance the fields of organizational learning, intellectual capital and knowledge management, to conceptualize organizational knowledge stocks and flows, and to describe best measurement practices in the field. Dr. Bontis predicts the future state of a knowledge-rich workplace and how individuals can succeed in this workplace. For further information visit: www.informationhighways.net.