SIOC Post profile for "AI3:::Adaptive Information"
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primary topic: Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents
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Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents
type: Post
has container: weblog
has creator: Mike Bergman
maker: Mike Bergman
created: 2005-07-20T22:16:03Z
content: Author's Note: This is an on line version of a paper that Mike Bergman recently released under the auspices of BrightPlanet Corp. This version lacks a technical appendix with further references from the standard published long version. The citation for this effort is: M.K. Bergman, "Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents," BrightPlanet Corporation White Paper, July 2005, 42 pp. Click here to obtain a copy of the long version (42 pp, 239 K) Click here to obtain a copy of the short version (5 pp, 51 K) EXECUTIVE SUMMARY Today, in the advanced knowledge economy of the United States, the information contained within documents represents about a third of total gross domestic product, or an amount of about $3.3 trillion annually. Yet our understanding of the value of documents and the means to manage them is abysmal. These failures impact enterprises of all sizes from the standpoints of revenues, profitability and reputation. Continued national productivity growth -- and thus the wealth of all citizens -- depends critically on understanding and managing these document values. As this white paper describes, the lack of a compelling and demonstrable common understanding of the importance of documents is in itself a major factor limiting available productivity benefits. There is an old Chinese saying that roughly translated is "what cannot be measured, cannot be improved." Many corporate officers may believe this to be the case for document creation and productivity, but, as this paper shows, in fact many of these document issues can be measured. To wit, some 25% of all of the annual trillions of dollar spent on document creation costs lend themselves to actionable improvements: U.S. FIRMS $ Million % Cost to Create Documents $3,261,091 Benefits to Finding Missed or Overlooked Documents $489,164 63% Benefits to Improved Document Access $81,360 10% Benefits of Re-finding Web Documents $32,967 4% Benefits of Proposal Preparation and Wins $6,798 1% …
encoded: Author’s Note: This is an on line version of a paper that Mike Bergman recently released under the auspices of BrightPlanet Corp. This version lacks a technical appendix with further references from the standard published long version. The citation for this effort is: M.K. Bergman, “Untapped Assets: The $3 Trillion Value of U.S. Enterprise Documents,” BrightPlanet Corporation White Paper, July 2005, 42 pp. Click here to obtain a copy of the long version (42 pp, 239 K) Click here to obtain a copy of the short version (5 pp, 51 K) EXECUTIVE SUMMARY Today, in the advanced knowledge economy of the United States, the information contained within documents represents about a third of total gross domestic product, or an amount of about $3.3 trillion annually. Yet our understanding of the value of documents and the means to manage them is abysmal. These failures impact enterprises of all sizes from the standpoints of revenues, profitability and reputation. Continued national productivity growth — and thus the wealth of all citizens — depends critically on understanding and managing these document values. As this white paper describes, the lack of a compelling and demonstrable common understanding of the importance of documents is in itself a major factor limiting available productivity benefits. There is an old Chinese saying that roughly translated is “what cannot be measured, cannot be improved.” Many corporate officers may believe this to be the case for document creation and productivity, but, as this paper shows, in fact many of these document issues can be measured. To wit, some 25% of all of the annual trillions of dollar spent on document creation costs lend themselves to actionable improvements: U.S. FIRMS $ Million % Cost to Create Documents $3,261,091 Benefits to Finding Missed or Overlooked Documents $489,164 63% Benefits to Improved Document Access $81,360 10% Benefits of Re-finding Web Documents $32,967 4% Benefits of Proposal Preparation and Wins $6,798 1% Be…
topic: Adaptive Information
topic: Document Assets
has reply: comment-506257
has reply: comment-506258
links to: DocumentsValue050711.pdf
links to: Click here
links to: DocumentsValueExecSummary050711.pdf
links to: EXECUTIVE SUMMARY. 1
links to: I. INTRODUCTION. 3
links to: Documents: The Drivers of a Knowledge Economy. 3
links to: Documents: The Linchpin of Corporate Intellectual Assets. 4
links to: Documents: Unknown Value, Huge Implications. 4
links to: Documents: The Next Generation of Data Warehousing?. 6
links to: Connecting the Dots: A Pointillistic Approach. 6
links to: II. INTERNAL DOCUMENTS. 7
links to: Number of 'Valuable' Documents Produced per Firm.. 7
links to: Total Annual U.S. 'Costs' to Create Documents. 8
links to: 'Cost' of Creating a 'Typical' Document 9
links to: 'Cost' of a Missed or Overlooked Document 9
links to: Other Document Total 'Cost' Factors and Summary. 9
links to: Archival Lifetime of 'Valuable' Documents. 10
links to: III. WEB DOCUMENTS AND SEARCH. 10
links to: Estimate of Time and Effort Devoted to Document Search. 11
links to: Effect of Non-persistent Search Efforts. 11
links to: 'Cost' of Creating and Maintaining a Document Category Portal 14
links to: 'Cost' of Inaccessible or Hidden Intranet Sites. 16
links to: IV. OPPORTUNITIES AND THREATS. 18
links to: 'Costs' and Opportunity Costs of Winning Proposals. 18
links to: 'Costs' of Regulation and Regulatory Non-compliance. 21
links to: 'Cost' of an Unauthorized Posted Document 24
links to: V. CONCLUSIONS. 25
links to: conthur.html
links to: delphigroup.com
links to: 6.asp
links to: IDCDocMgmt.pdf
links to: CCS Xerox.pdf
links to: netpubwh.pdf
links to: knowledge economy.pdf
links to: 20030708085453 IDC WW-BIFORECASTANDANALYSIS2003-07 JUN03.pdf
links to: how-much-info-2003
links to: DigitalEconomy2003.cfm
links to: ocwage 11192003.pdf
links to: US--.htm
links to: www.eds.com/services_offerings/ibill_openbill_b2b.shtml
links to: cfee-sample.html
links to: section9.htm
links to: ROI roiresults.cfm
links to: 21 - Know the cost of filing your paper documents.pdf
links to: f6.htm
links to: http://www.hoovers.com/company/archive/detail/0,2049,7_2322,00.html
links to: segment.html
links to: pr20000602 01.htm
links to: pr20000629 01.htm
links to: bergman.html
links to: iProspectSurveyComplete.pdf
links to: http://www.nua.ie/surveys/index.cgi
links to: index.cfm
links to: papers
links to: cockburn00what.html
links to: tenthreport.html
links to: AIM-2003-006.pdf
links to: KFTF Web.pdf
links to: AIM-2004-012.pdf
links to: ndiipp
links to: www.inmagic.com
links to: 502feat2 1
links to: Corporate Portal Survey White Paper February2002.pdf
links to: 64CorcoranMary.pdf
links to: http://www.optimizemag.com/article/showArticle.jhtml
links to: default.asp
links to: BEA epr wp.pdf

Mike Bergman
type: User

Mike Bergman
type: Person