M Files Ecm Guide 10 Must Read Tips For Selecting Ecm System

10 Must-Read Tips for Selecting an ECM System. Part 1 of 12.

INFORMATION MANAGEMENT MORE THAN JUST A BUZZWORD

INFORMATION VOLUME VS. VALUE

Data pundits are in broad agreement that the volume of data in the digital universe will double every two years, a 50-fold growth from 2010 to 2020. How much of that data has business value? Research firm IDC estimates that 33% contains information that might be valuable if analyzed.1 But what about the rest of the data spectrum? The Global Databerg Report found that, on average, 85% of all stored data is either dark — digital information not in use — or redundant, obsolete, or trivial.2 In today’s competitive business climate, the key is to identify the data that is useful so that we can make informed decisions based on accurate, up-to-date information.

What is Information Management and Why Do We Need it?

Whether you call it Enterprise Information Management (EIM) or Enterprise Content Management (ECM), the information management industry is evolving. Gartner says ECM is dead, and they’re talking now about content services, stating that old definitions don’t describe the market accurately. The Association for Intelligent Information Management (AIIM) defines modern, intelligent information management as:

Neither a single technology nor a methodology nor a process; it is a dynamic combination of  strategies, methods and tools used to capture, manage, store, preserve and deliver information supporting key organizational processes through its entire lifecycle.3

Central to the AIIM definition is the concept that information management is intended to support an organization’s processes. Indeed, it is so much more than just storing and archiving documents. Among the plethora of practical functions, intelligent information management (IIM) systems are used for:4

• Document management
• Searching for information and documents
• Records management
• Digitization of materials with optical character recognition
• Workflows / business process management
• Email management and archiving
• Collaboration

By deploying an IIM system, organizations benefit from the quality, integrity and accuracy of their most critical information. The system also supports knowledge workers by making information easier to find and use. Information management can also be used as a means of controlling risk and ensuring compliance, enabling consistent workflows, and harmonizing processes. Finally, an organization can achieve substantial cost savings by managing their information with an ECM platform.

Company Data Breakdown
Published by M-Files

Published by M-Files

Focused on information management. Passionate about productivity.
M-Files intelligent information management solutions are disrupting the ECM market, named a Visionary in the Gartner Magic Quadrant for Content Services Platforms. M-Files features a fundamentally new and unique approach that eliminates information silos by providing quick and easy access to the right data and content from any business system and device.

A Commitment to Customer Success
M-Files is a company grown out of one simple vision: that efficiently managing information is a widespread business problem—and that solving this common problem is vital to any business.

Contact Us for more details Tel: 011 568-4900

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