Enterprise content management software can save businesses up to 64 hours per employee every working month, according to Steve Davis, President of Author-It software.
Davis recently told AME Info an average of eight days per month are wasted on re-editing and correction by each employee involved in the creation and management of content every month. He stated that traditional methods of document management often leaves content vulnerable to error, which can lead to a loss of information, credibility and business.
Through ECM software, such as Microsoft SharePoint, IBM’s FileNet and Author-It, Davis asserts that companies can reduce the amount of time spent on correcting errors.
“Increasingly, organizations are placing more value on the compliance and the credibility of information,” Davis said. “Indeed, the commitment toward compliance has further highlighted the need for a foolproof content management system.”
According to an IDC report released earlier this year, the content management market is expected to see a 6 percent growth in 2010, and a compound annual growth rate of 7.6 percent between 2009 and 2014. Industry experts expect Microsoft’s SharePoint to reflect this growth, and many predict it could become a $2 billion product for the company.