Workshare, a leading provider of content productivity applications, published new research uncovering the productivity challenges faced by organizations when sharing information. The research, highlights the costs, risks and chaos specifically created when employees work with other people on documents that are critical to corporate integrity and profitability.
More business users are contributing to shared documents than ever before and companies are loosing control of what happens inside the process. The key findings are:
- Deadlines Missed 14 percent of companies feel they are in control of completing documents on time.
- Sensitive Information Hidden 90 percent of documents start life as something else, but 68 percent of respondents were not aware meta data risks.
- Paying the Price 63 percent of companies face financial penalties for not completing work on time.
“We produce a phenomenal amount of corporate information, most of which is done in teams,” says Andrew Pearson, vice president, Workshare EMEA. “People contribute to multiple documents, sending and receiving version upon version of constantly changing documents. This creates collaboration chaos, with missed deadlines, frustrated workers, and lost revenue all being symptoms of this confusion. The concern for businesses is that these factors directly impact productivity and performance.”
For further information or a copy of the research study published by Workshare, entitled, “The Cost of Sharing,” please contact Samia Rauf at firstname.lastname@example.org.
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