SIOC Post profile for "AI3:::Adaptive Information"
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primary topic: Why Are $800 Billion in Document Assets Wasted Annually? III. Enterprise Solutions Are Too Expensive
generator agent: http://rdfs.org/sioc/wp-sioc.php

Why Are $800 Billion in Document Assets Wasted Annually? III. Enterprise Solutions Are Too Expensive
type: Post
has container: weblog
has creator: Mike Bergman
maker: Mike Bergman
created: 2005-10-26T14:25:46Z
content: As noted by the Nobel laureate economist Herbert Simon more than 30 years ago:[1] What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of sources that might consume it. . . . The only factor becoming scarce in a world of abundance is human attention. Spiraling document growth combined with the universal migration of digital information to the Internet has been come to be known by the terms "infoglut" or "information overload." The issue, of course, is not simply massive growth, but more importantly the ability to find the right information at the right time to make actionable decisions. Document assets are poorly utilized at all levels and within all departments within enterprises. The magnitude of this problem was first documented in a BrightPlanet white paper titled, Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents. An open question in that paper was why nearly $800 billion per year in the U.S. alone is wasted and available for improvements, but enterprise expenditures to address this problem remain comparatively small and with flat growth in comparison to the rate of document production. Earlier parts in this series addressed whether the root causes of this poor use were due to the nature of private v. public information or due to managerial and other barriers to collaboration. This part investigates whether high software and technology costs matched with poor performance is a root cause. The Document Situation Within U.S. Enterprises Document creation represents about $3.3 billion in annual costs to U.S. enterprises, or about 30% of gross national product, $800 billion of which can be reclaimed through better access, recall and use of these intellectual assets. For the largest U.S. firms, annual benefits from better document use average about $250 million per firm.[2] Perha…
encoded: As noted by the Nobel laureate economist Herbert Simon more than 30 years ago:[1] What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of sources that might consume it. . . . The only factor becoming scarce in a world of abundance is human attention. Spiraling document growth combined with the universal migration of digital information to the Internet has been come to be known by the terms “infoglut” or “information overload.” The issue, of course, is not simply massive growth, but more importantly the ability to find the right information at the right time to make actionable decisions. Document assets are poorly utilized at all levels and within all departments within enterprises. The magnitude of this problem was first documented in a BrightPlanet white paper titled, Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents. An open question in that paper was why nearly $800 billion per year in the U.S. alone is wasted and available for improvements, but enterprise expenditures to address this problem remain comparatively small and with flat growth in comparison to the rate of document production. Earlier parts in this series addressed whether the root causes of this poor use were due to the nature of private v. public information or due to managerial and other barriers to collaboration. This part investigates whether high software and technology costs matched with poor performance is a root cause. The Document Situation Within U.S. Enterprises Document creation represents about $3.3 billion in annual costs to U.S. enterprises, or about 30% of gross national product, $800 billion of which can be reclaimed through better access, recall and use of these intellectual assets. For the largest U.S. firms, annual benefits from better document use average about $250 million per firm.[2] Perha…
topic: Adaptive Information
topic: Document Assets
topic: Information Automation
links to: [1]
links to: BrightPlanet
links to: Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents
links to: private v. public information
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links to: technologydocumentvalue.asp
links to: delphigroup.com
links to: how-much-info-2003
links to: whitepapers.asp
links to: 21 - Know the cost of filing your paper documents.pdf
links to: ROI roiresults.cfm
links to: 6.asp
links to: IDCDocMgmt.pdf
links to: CCS Xerox.pdf
links to: knowledge economy.pdf
links to: tripreport.htm
links to: http://www.forrester.com/ER/Research/Report/Summary/0,1338,14981,00.html
links to: netpubwh.pdf
links to: intranetp.html

Mike Bergman
type: User

Mike Bergman
type: Person

managerial and other barriers to collaboration

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BrightPlanet

Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents