The risk of knowledge loss will always be there because there will always be unexpected departures. But if you have a solid process to map out who is in your leadership pipeline, you'll be better prepared to fill job openings, retain top-performing employees and prepare for retirement.

Liviu Dedes

Knowledge Loss Risk Will

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Sometimes, there is some loss from waiting so long, but in the long run, the benefits outweigh the risk.

What you're going to see is a likely increase in insurance rates, because the risk of property damage and loss of life is going to increase as a result of this.

We want to digitize all human knowledge...and we can't risk having it privatized,

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