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Knowledge transfer within and between business units is key to organizational performance. Different departments must interact at different levels with related information embedded in disparate unstructured formats in order to drive profits for the organization. But specific departmental functions, associated information privileges and the sheer volume of information make it a significant challenge for department personnel to find and act on the information they need: Consider the following: - 44% of business professionals believe that [collaborative], Enterprise 2.0 technologies are "imperative" or of "significant importance" for their organization. (Source: AIIM Research)
- Professionals spend 5%~15% of their time reading information, but between 25%~50% looking for it. (Source: Coopers & Lybrand, Delphi, Gartner, HP, IDC)
- 60% of employees spend an hour or more each day duplicating the work of others. (Source: BAE Systems)
- At any given time, between 3~5% of an organization's files are lost or misplaced. Annual loses for a Fortune 1000 company with one million files is $5 million dollars. (Source: Information Week Survey)
- 27% of Enterprise Content Management system users are highly disappointed in the ECM implementations. (Source: Jupiter Research)
Enterprise-wide knowledge management systems offer enormous potential improvements yet these tools cannot ensure that the unstructured information streams that feed them contain accurately captured and usefully coded information, nor have they proven to sufficiently address individual department's differing needs. Digitizing the Department with IPS means optimizing collaboration to ensure that the right information is captured, protected and accessible by the right person at the right time to drive organizational performance. Contact us now to learn more about our services and the benefits of Digitizing Business with IPS. You'll be glad you did.
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