Best Practices to Gain Advantage with Intelligent Information Management
Organizations around the world invest a great deal of time and money to manage information. The expense of hardware, software, and facilities can add up quickly and costs the average organization somewhere in the range of 3.5% to 7% of annual revenue. So, if you have a $50 million company you can anticipate that you’ll spend around $3 million or so to manage your information every year.
But that’s not all; the expense of managing information includes people and process as well. Analysts tell us that a great deal of lost productivity is caused when employees are simply looking for information -- the equivalent of one day per working week! So imagine that your organization hired five employees, but only four do the work.
How can you get more return on your investment and gain more advantage from information? That’s the subject of a new Tip Sheet from AIIM, "The Intelligent Information Management Starting Line - 3 Tasks to Target Now." In it, I explore best practices that can help you leverage information to increase revenue and capture new opportunities and new markets.
- Modernizing your infrastructure
- Evaluating your current information stores and processes
- Establishing cross-functional teams for immediate and sustained improvement
These three best practices make sense. It’s hard to capture improvements and be innovative when the organization works with outdated tools, so modernizing your information infrastructure is an important first step to set the stage for transformation. All of these objectives can be difficult to achieve without first tackling information chaos. Evaluating your information stores is essential to understand exactly what information you have, where it is stored, and what it means to the organization. And finally, top performing organizations find that assembling a cross-functional steering committee is an important factor for success.
What’s your next step? To get started, download this Tip Sheet from AIIM and get to work. Also, look for partners and suppliers that have the right mix of capability, vision, and expertise that will help you gain an advantage with intelligent information management.
About Kevin Craine
Kevin Craine is a professional writer, an internationally respected technology analyst, and an award-winning podcast producer. He was named the #1 Enterprise Content Management Influencer to follow on Twitter and has listeners and readers worldwide. Kevin creates strategic content for the web, marketing, social media, and more. He is the written voice for some of North America's leading brands and his interviews feature today's best thought leaders. His client list includes many well-known global leaders like IBM, Microsoft and Intel, along with a long list of individuals and start-ups from a wide variety of industries. Kevin's podcasts have been heard around the world, including the award-winning weekly business show "Everyday MBA". He is also the host and producer of "Bizcast" on C-Suite Radio and the producer behind podcasts for Epson, Canon, IBM and AIIM International, among others. Prior to starting Craine Communications Group, Kevin was Director of Document Services for Regence BlueCross BlueShield where he managed high volume document processing operations in Seattle, Portland and Salt Lake City. He also spent time at IKON as an Enterprise Content Management consultant working with national and major accounts. He was the founding editor of Document Strategy magazine. Kevin has also been, at one point or another, an adjunct university professor, a black belt martial artist, and a professional guitarist. Kevin holds an MBA in the Management of Science and Technology as well as a BA in Communications and Marketing.