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Workshare, the North
America-based provider of content productivity applications, has
released the results of a new study from market research firm Vanson
Bourne entitled ‘The Cost of Sharing,’ highlighting
the costs, risks and confusion created when employees work with
other people on documents that are critical to corporate integrity
and profitability.
Specific
findings from the study include:
* 63 percent of companies surveyed face financial penalties
for not completing work on time; however, only 14 percent of companies
feel they are in control of completing documents for submission
on time.
* 90 percent of documents in circulation began
as something else, but 68 percent of respondents were not aware
that metadata - hidden information within Microsoft Word files showing
document amendments and author histories - may still exist in their
document.
* 70 percent of companies have people external
to the company contributing to document content, increasing security
and information management risks.
According to the study, two-thirds of companies
engage in document collaboration with up to five people. The study
also revealed that most collaborative groups are constantly changing,
precluding consistent processes for collaboration. These collaboration
challenges, among others, can lead to significant productivity losses
and increased risk of missed deadlines.
www.workshare.com

•Date:
17th December 2003 •Region: N.America •Type:
Article •Topic:
BC general
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