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Growing Recognition of the Business Impact of DMI
The global document management market generated nearly $3 billion in revenue in 2003 and is expected to grow 9% a year to more than $4.5 billion by 2008 according to research firm IDC. This massive growth is attributable to numerous factors.
First, despite widespread predictions of the imminent emergence of a paperless workplace, reality has proven far different. While it’s true that new technologies have transformed how we obtain, share and store information, the proliferation of e-mail communication and almost universal access to the Internet have only resulted in more document production, not less.
Second, there is growing awareness of the serious financial and productivity consequences of an unmanaged DMI. While many organizations commit vast resources to proactively optimize and manage computing-related elements of their information infrastructure, they often allow document imaging, production, sharing and storage processes and assets to operate virtually unmanaged, adversely impacting priorities such as revenue generation, costs, and productivity.
In fact, most organizations don’t even have accurate data on the most obvious component of their DMI – their output assets, much less the magnitude of spending for hardware, software, service and supplies. Left unmanaged, those costs can total 5% or more of annual revenue in a typical organization, according to analysts . On top of that are the soft costs associated with inefficient workflows and lost productivity that are inherent in an unmanaged environment.
This is the market Print, Inc. addresses with its unique, customer-centric dmiQ™ solutions.
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