Useless information search costs millions
1. Companies spend $20 in labor to file a document, $120 in labor to find a misfiled document, and $220 in labor to reproduce a lost document.
2. 7.5% of all documents get lost; 3% of the remainder get misfiled.
3. Professionals spend 5 – 15% of their time reading information, but up to 50 percent looking for it.
4. The average document is photocopied 19 times.
5. There are over 4 trillion paper documents in the U.S. alone and they are growing at a rate of 22% per year (PricewaterhouseCoopers).
6. Corporate users received an average of 18 megabytes (MB) of e-mail per day in 2007. E-mail is expected to grow to over 28 MB per day by 2011.
7. Users send and receive an average of 133 e-mail messages per day (Radicati Group).
8. A single FAX machine costs $6,200 per year (Captaris); the average time to manually FAX a document is 8 minutes.
9. The average cost to send a package via courier service is between $8 and $15.
10. The cost of office space has increased 19% (Office Space Across the World 2008).
John Mancini, president of the association for information and image management (AIIM), lists these numbers on his blog. Facts which companies should consider in terms of document management.
Professional digital document management saves a lot of time and money. The licence free open source solution from Alfresco is especially inexpensive. The IQSOFT experts will be happy to advise you!
