Another year is almost over and it has been a hectic one. According to a McKinsey report, the Covid-19 pandemic has accelerated digital transformations and it has contributed to higher levels of workplace flexibility. In fact, as a result of the pandemic, anywhere between 20 and 25 percent of the workforce in advanced economies could […]
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Cloud computing is pretty much becoming the norm in today’s corporate world, especially taking into account all of the Covid-19 related developments since. Cloud computing generated revenue of over 300 billion dollars in the US. Currently, 67 percent of the corporate IT infrastructure in the country is cloud-based and 83 percent of the workload is
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Many new business trends emerged as a result of the Covid-19 pandemic. According to some studies, a few of the most important ones encompass a profound digital transformation that many businesses have already initiated. What exactly does this digital business model entail and how is it linked to the lessons that we learned in 2023?
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Do you have any idea about the resources involved in maintaining paper-based operations? According to some recent studies, receipt printing in the US alone necessitates 250 million gallons of oil, one billion gallons of water and 10 million trees. The retail industry is a large contributor to this burden. Total retail sales volume worldwide is
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The digital transformation of the financial department is essential to move a business forward. The financial department handles a big number of documents on a daily basis. Paper-intense processes can be quite cumbersome and they’ll definitely contribute to productivity reductions. Moving to digital document management makes a lot of sense, reducing the risk of human
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The world of document management is evolving rapidly. New technologies and solutions have enabled a ton of automation and the introduction of paperless processes in the workspace. Unfortunately, many businesses are still reliant on outdated document management practices that are bringing down productivity and increasing the risk of costly errors. Stats suggest that knowledge workers
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Businesses have been transformed forever since the start of the Covid-19 pandemic, a McKinsey & Company report suggests. Many were pushed over the technology tipping point, a process that sped up digital transformations and the adoption of innovative solutions. The digital mailroom is one such solution that’s more prominent than ever before. You may think
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Did you know that 70 percent of companies already have a business digital transformation strategy in place? There are many reasons why such a switch is happening. According to 56 percent of CEOs, a digital transformation has contributed to an increase in revenue. In addition, digital pioneers are 64 percent more likely than other companies
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Carried out only two years ago, The State of Intelligent Information Management report paints a troublesome picture in the worlds of financial service provision and insurance. The report suggests that 91 percent of industry representatives believe their information and data management strategy is in need of modernization. In addition, 93 percent of the respondents claimed
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Data entry is a cumbersome, often time-consuming process that most companies out there cannot eliminate. The good news is that like most other repetitive procedures, data entry can be automated. Manual data entry comes with many direct and indirect costs. The median hourly wage of data entry keyers is 16.56 dollars. Most businesses estimate that
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