Dec 5, 2018   SOURCE: PR NewsWire

Improper Document Management Inhibits Employee Productivity: 8 in 10 Workers Forced to Recreate Existing Documents

LONDON, and DALLAS, Dec. 5, 2018 /PRNewswire-PRWeb/ -- More than 8 in 10 workers worldwide are forced to recreate lost documents already in existence, according to the 2019 Global Intelligent Information Management (IIM) Benchmark Report today released by M-Files Corporation, the intelligent information management company. Based on a survey of more than 1,500 office workers from private and public-sector organizations across the globe, the report delivers deep insights into document and information-handling practices and challenges in the workplace.

As evidenced from multiple data points in the report, enterprises and users are still struggling with the core steps of handling documents or files: 

    --  83 percent of organizational staff worldwide are forced to recreate lost
        documents already in existence.
    --  Approximately half of respondents (45 percent) find searching for
        documents and information challenging and time consuming.
    --  96 percent of all employees face some sort of difficulty when looking
        for the most recent version of a document or file.

The 2019 Global IIM Benchmark Report reinforces the persistent frustrations felt by employees toward information handling. Organizations must seek better, more intuitive ways for managing documents. Failure to address this could have severe consequences for an organization - from hampered productivity and staff retention, to an organization's inability to demonstrate compliance in accordance with regulations such as GDPR when handling and protecting information.

"Information and the speed at which it flows throughout an organization is a key determinant of business success," said Greg Milliken, senior vice president of marketing at M-Files. "The faster your staff can find and leverage information, the better your chances will be for achieving a competitive advantage."

The Global IIM Benchmark Report also illustrates that technology adoption and challenges across geographical regions vary substantially:

    --  Worldwide adoption of Enterprise Content Management (ECM) solutions is
        still low, 24 percent on average worldwide, with Switzerland and the
        Nordics leading. Less than one fourth of U.S. respondents (22%) report
        that their organization uses an ECM solution.
    --  4 out of 5 users worldwide need access to corporate documents on mobile
        devices, with demand in Sweden, UK and U.S. being above average, and
        Finland leading with 91 percent.
    --  The use of personal devices and/or files sharing accounts is highest in
        Sweden with almost 7 in 10 office workers and lowest in Australia and
        New Zealand with 5 in 10.

"We see a large variety in requirements for and adoption of solutions in different locations - even in core functions for document management," said Milliken. "Vendors with a flexible platform that also offers strong core capabilities find the most success in providing value to customers with diverse teams and locations."

"Looking at the results, it's clear that all organizations - regardless of sector or geographical position - are united in the challenges they face with information management practices. It must become a priority for organizations to address this," Milliken continues. "By implementing a flexible, powerful and simple-to-use information management solution, employees will no longer need to waste precious time searching and recreating documents, enabling them to work far more productively, and add much more value to their organization."

M-Files will publish the detailed results of the report in a series of research notes. Readers interested in the results can register for them on: https://go.m-files.com/2019-Intelligent-Information-Management-Benchmark-Report-EN-US.html

About the 2019 Global Intelligent Information Management Benchmark Report

The Global Intelligent Information Management Benchmark Report is based on a bi-yearly worldwide survey conducted by M-Files to monitor global trends and practices in information management. The survey was conducted during 2018 by independent market research firm Vanson Bourne, polling 1.500 office workers from private and public sector organizations, in order to understand their document and information handling practices and challenges in the workplace. Respondents' organizations varied in size, ranging from small-to-medium sized businesses (SMBs) to large enterprises, and came from a broad range of industries. In addition, the respondent group represented constituents from nine countries - Australia, Austria, Finland, France, Germany, New Zealand, Sweden, Switzerland, the United Kingdom, and the U.S. - and a variety of business departments.

Specific lines of questioning were deployed around four primary areas of interest: 

    --  The overall end-user experience of managing company documents
    --  Accessing and management of company information from off-site locations
        with mobile devices
    --  Management of company information contained in multiple systems and
        silos
    --  The perception and use of Artificial Intelligence (AI) to contextualize
        company information

About M-Files Corporation

M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organization without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organizations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, Rovio, SAS Institute and thyssenkrupp. For more information, visit http://www.m-files.com.

SOURCE M-Files, Inc.