The business world is going through a change of guard and Baby Boomers are being replaced at top echelons by the next generation due to retirements. With this, companies are losing enormous amount of corporate knowledge. The cliché “knowledge is power” cannot be overstated and with increasing turnover among younger people, knowledge is being lost faster by organizations than ever before. Also due to digitization, the amount of data generated is also immense which is making it virtually impossible for firms to retain this crucial piece of business intelligence. This is further spiraling out of control due to the work being decentralized using mobile devices like smartphones or tablets irrespective of time or location. Thus in order to fight this brain drain, companies are developing smart intranets to retain greater amount of knowledge. Data is being contextualized for specific departments and silos. Local enterprise wide social networks are helping employees share information about their activities.

Source: http://www.cmswire.com/social-business/how-intranets-help-fight-corporate-amnesia/