SIOC Post profile for "AI3:::Adaptive Information"
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primary topic: Brown Bag Lunch: Untapped Assets: The $3 Trillion Value of US Documents
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Brown Bag Lunch: Untapped Assets: The $3 Trillion Value of US Documents
type: Post
has container: weblog
has creator: Mike Bergman
maker: Mike Bergman
created: 2010-03-12T18:43:17Z
content: 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. This Friday brown bag leftover was first placed into the AI3 refrigerator on July 20, 2005. No changes have been made to the original posting. I'd like to thank David Siegel for recently highlighting this post from 5 years ago with nice kudos on his PowerOfPull blog. That reference is what caused me to dust off the cobwebs from this older piece. 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 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% Benefits of Paperwork Requirements and Compliance $119,868 15% Benefits of Reducing Unauthorized Disclosures $51,187 7% Total Annual Benefits $781,314 100% PER LARGE FIRM $ Million Cost to Create Do…
encoded: 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. This Friday brown bag leftover was first placed into the AI3 refrigerator on July 20, 2005. No changes have been made to the original posting. I’d like to thank David Siegel for recently highlighting this post from 5 years ago with nice kudos on his PowerOfPull blog. That reference is what caused me to dust off the cobwebs from this older piece. 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 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% Benefits of Paperwork Requirements and Compliance $119,868 15% Benefits of Reducing Unauthorized Disclosures $51,187 7% Total Annual Benefits $781,314 100% PER LARGE FIRM $ Million Cost to Create Do…
topic: Adaptive Information
topic: Brown Bag Lunch
topic: Document Assets
topic: Information Automation
links to: Friday brown bag leftover
links to: refrigerator
links to: July 20, 2005
links to: PowerOfPull blog
links to: EXECUTIVE SUMMARY
links to: I. INTRODUCTION
links to: Documents: The Drivers of a Knowledge Economy
links to: Documents: The Linchpin of Corporate Intellectual Assets
links to: Documents: Unknown Value, Huge Implications
links to: Documents: The Next Generation of Data Warehousing?
links to: Connecting the Dots: A Pointillistic Approach
links to: II. INTERNAL DOCUMENTS
links to: Number of ‘Valuable’ Documents Produced per Firm
links to: Total Annual U.S. ‘Costs’ to Create Documents
links to: ‘Cost’ of Creating a ‘Typical’ Document
links to: ‘Cost’ of a Missed or Overlooked Document
links to: Other Document Total ‘Cost’ Factors and Summary
links to: Archival Lifetime of ‘Valuable’ Documents
links to: III. WEB DOCUMENTS AND SEARCH
links to: Estimate of Time and Effort Devoted to Document Search
links to: Effect of Non-persistent Search Efforts
links to: ‘Cost’ of Creating and Maintaining a Document Category Portal
links to: ‘Cost’ of Inaccessible or Hidden Intranet Sites
links to: IV. OPPORTUNITIES AND THREATS
links to: ‘Costs’ and Opportunity Costs of Winning Proposals
links to: ‘Costs’ of Regulation and Regulatory Non-compliance
links to: ‘Cost’ of an Unauthorized Posted Document
links to: V. CONCLUSIONS
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