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Dealing with Document Deluge and Danger
A new study that explores the value, challenges, disconnects and new requirements surrounding document creation, processing and sharing in business and government organizations.
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Thought Leadership
Programs Background
Dealing with Document Deluge & Dangers
Assessing Deficiency, Limitations, and Risk in a Digitally Connected World
Call it Document Deluge. Every year the world generates, distributes, processes and consumes hundreds of billions of documents to communicate, inform, educate, market, sell, transact, permit, govern, litigate, and otherwise carry on business and commerce. Indeed, it’s estimated by some experts that we create more than 2.5 trillion PDF documents alone each year. Though essential, these documents can be a source of great frustration, concern, and productivity waste. The Dealing with Document Deluge & Danger initiative seeks to gain fresh insights into how today’s workers, managers, and consumers depend upon and cope with documents in their life and work — and perhaps how they would like to modernize the traditional document to be more valuable and productive in today’s connected world.Reports
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Facts & Stats
Cloud storage providers say the PDF is the most popular format in their repositories. PDFs take over 50% of files stored. 73 million new PDF documents are saved each day in Google Drive and Mial. There are 18 billion PDF documents in DropBox. And 17% of files in Box are PDF documents. (Source)
The global document management systems market to grow at a CAGR of 14.28% over the period 2014-2019. (Source)
Professionals Spend 50% of Their Time Searching for Information and Take an Average of 18 Minutes to Locate Each Document. (Source)
E-Signatures save an estimated $20 per document and reduce turnaround time by 80%. (Source)
IDC estimates that the typical enterprise with 1,000 knowledge workers wastes $2.5 million to $3.5 million per year searching for nonexistent information, failing to find existing information, or recreating information that can't be found. (Source)
Information workers waste a significant amount of time each week dealing with a variety of challenges related to working with documents. This wasted time costs the organization $19,732 per information worker per year and amounts to a loss of 21.3% in the organization’s total productivity. For an organization with 1,000 people, addressing these time wasters would be tantamount to hiring 213 new employees. (Source)
Addressing the document disconnect can provide exceptional benefits in terms of reduced cost and risk. Line-of-business leaders we surveyed estimate that fully addressing the gaps in their departmental document processes could yield a 36% increase in revenue, 30% reduction in cost, and 23% reduction in business/compliance risk. (Source)
Document challenges account for 21.3 percent productivity loss. (Source)
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Articles
December 17, 2015 - PDF in 2016: Broader, Deeper, Richer
PDF Association
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December 7, 2015 - 7 Stats That Will Make You Rethink Your Document Management Strategy
business.com
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October 6, 2015 - Emergence of Paperless Offices Will Inflate the Global Document Management Systems Market Through 2019
Reuters
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September 22, 2015 - It's Time for PDF 2.0
IT World
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August 7, 2014 - 7 Pain Points For Doc Management
CMSWire
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White Papers
Document Management Return on Investment
While it may seem obvious in general terms that a managed document environment would provide significant benefits, justification in clear-cut financial and competitive terms is less clear. This whitepaper provides a road map for clarifying the ROI process for a Document Management System. Read more »
Sponsor
FoxIt
Foxit is a leading software provider of fast, affordable and secure PDF solutions. Businesses and consumers increase productivity by using Foxit's cost effective products to securely work with PDF documents and forms. Foxit is the #1 pre-installed PDF software, shipped on one-third of all new Windows PCs, including those from HP®, Acer, and ASUS®. Foxit's Software Development Kits (SDKs) help developers reduce costs and improve time to market by easily integrating industry leading PDF technology into application workflows. This technology shares the same underlying technology that powers Google's open-source PDFium project. Winner of numerous awards, Foxit has over 325 million users and has sold to over 100,000 customers located in more than 200 countries. Since Foxit products are ISO 32000-1/PDF 1.7 standard compliant, they are compatible with your existing PDF documents and forms.
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Foxit is a leading software provider of fast, affordable and secure PDF solutions. Businesses and consumers increase productivity by using Foxit's cost effective products to securely work with PDF documents and forms. Foxit is the #1 pre-installed PDF software, shipped on one-third of all new Windows PCs, including those from HP®, Acer, and ASUS®. Foxit's Software Development Kits (SDKs) help developers reduce costs and improve time to market by easily integrating industry leading PDF technology into application workflows. This technology shares the same underlying technology that powers Google's open-source PDFium project. Winner of numerous awards, Foxit has over 325 million users and has sold to over 100,000 customers located in more than 200 countries. Since Foxit products are ISO 32000-1/PDF 1.7 standard compliant, they are compatible with your existing PDF documents and forms.
Visit website »
