For years, experts have been saying that telecommuting—otherwise known as working from home—would be the "wave of future." However, few predicted the wave would rapidly crash into the real world so quickly to become the "new normal." A recent study showed about 20% of people said they worked from home prior to the beginning of the COVID-19 outbreak. As of late 2021, 71% of workers were reportedly working from home.
Over the last decade, virtually all industries have been altered and improved by the growth of artificial intelligence. However, one area that has changed radically, but many might not think of, has been the document management ecosystem. Information-rich tasks have benefited from AI enormously, particularly in terms of knowledge management, business process management, security, and compliance.
Every day, the worlds' businesses produce and collect a mind-boggling amount of data. Contained inside that data, like a million needles in a million haystacks, are the key insights needed to create better products and services, forge better and longer-lasting relationships with clients, and operate more efficiently. But according to one recent study, poor data quality costs the United States economy as much as $3.1 trillion every year.
We're now more than a month into 2022, and one thing we can say for sure is that the world hasn't "gone back to normal." For many of us, remote working and online meetings are a fact of life. App and subscription services deliver our music, television, and groceries. Compared to just two years ago, the way we work and live has changed drastically.
In business, if you were to ask a group of executives to name their top five investments which have a measurable positive return on investment (ROI), you would probably see many of the same, usual suspects on their lists: ad programs, salespeople, fulfillment systems, marketing infrastructure, lead generation programs, to cite a few. That checks out. Sales and marketing investments are usually viewed through the lens of ROI, and as well they should. But what about the ROI of technology investments?