The good news and bad news about e-signatures
John Mancini

By: John Mancini on April 18th, 2017

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The good news and bad news about e-signatures

digital signatures  |  e-signatures  |  electronic signatures

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First, the good news.  According to P&S Market Research, the global digital signature market is expected to increase to $3.3 billion by 2022, growing at a CAGR of 31.5%.  That’s billion with a B.

The bad news is that despite the long-standing and well-documented benefits of digital signatures, many organizations are still lagging behind.  According to recent AIIM research, 65% of organizations say they are still signing on paper

The new normal in today's personalized, digital world means giving consumers the ability to apply for life insurance, close on a mortgage, open a new bank account or sign a sales contract on their own terms - at the time, place and on the device of their choice. E-signature technology is the linchpin for keeping these processes completely digital and eliminating costly paper and "wet" signatures.

Click to Tweet: The future of #ECM = data + content = Intelligent Information Management - @jmancini77 keynote - https://ctt.ec/cK5P3+

According to The Beginner’s Guide to Electronic Signatures, benefits of e-signatures include:

  • Increased staff productivity and operational efficiency
  • Cost reduction and savings
  • Better legal and compliance processes
  • Enhanced customer experiences 

The widespread adoption of e-signatures has been supported by electronic signature laws around the world, including the Americas, Europe, Middle East, Africa and Asia-Pacific. Many of these are based on a model law enacted by the United Nations Commission on International Trade Law – Model Law on Electronic Signatures (2001).

Today there are more than 75 countries that recognize the legal validity of e-signatures. The e-book An Introduction to Electronic Signature Laws Around The World is a great resource to start your investigation of e-signatures.

Interested in learning more?  Check out our free webinar on May 3rd (2 pm eastern), Digital Workflows with eSignatures - Small Changes with BIG Impact

Click to Register for 'Digital Workflows with eSignatures - Small Changes with BIG Impact'

 

About John Mancini

John Mancini, president and CEO of AIIM, is an author, speaker, and respected leader of the AIIM global community of information professionals. He is a catalyst in social, mobile, cloud, and big data technology adoption and an advocate for the new generation of experts who are driving the future of information management. John predicts that the next three years will generate more change in the way we deploy enterprise technologies and whom we trust with this task than in the previous two decades. His passion about the evolution of information workers into information analysts spurred John to establish the Certified Information Professional (CIP) program to enable anyone, anywhere to benchmark and develop new and strategic skills. His commitment to education includes the continual development of leading-edge training and publishing of ongoing industry research to help guide new thinking. As a frequent keynote speaker, John offers his expertise on the transformational challenges and opportunities facing information professionals and attracts over 100,000 visitors annually to his blog Digital Landfill. He has published six e-book titles including “#OccupyIT — A Technology Manifesto for Cloud, Mobile and Social Era” and the popular “8 Things You Need to Know About” e-book series. He has a Klout score in the high 60s, is ranked #5 in online SharePoint influence by harmon.ie and #42 in the KnowledgeLake SharePoint Influencer50. John can be found on Twitter, LinkedIn and Facebook as jmancini77.