Analytics, mobility, file sharing and other technologies are driving digitization efforts
The document management arena has been in a state of rapid transformation for more than a decade now, with the specific driver of evolution being the mass digitization of information systems and the data itself. Thanks to immense progress being made in the scope of analytics, mobility, file sharing and other technologies that fuel modern competition, companies have been essentially forced to become more aggressive in their digitization efforts.
Regardless of industry, size classification or otherwise, one would be hard-pressed to identify an organization that has not yet begun to leverage advanced document management systems, or one that has not and still remains competitive. New studies have shown just how significant of an impact modern document management solutions are having on firms from across a range of sectors, and leaders who are a bit more diligent and quick in their approaches to these technologies will be positioning their firms for success.
America's strong suit
Technavio recently released a report on the document management system market as it relates to the medical field, and predicted that investments into these solutions will expand at a compound annual growth rate of 15 percent between now and 2019. Interestingly, the researchers found that American companies possessed roughly 48 percent of the total market share in 2014, and that fact has remained strong since certain advanced research processes are more common in the U.S.
"The market in the Americas is also driven by the government incentives that are awarded for the meaningful use of electronic records," Technavio Lead Enterprise Application Analyst Amrita Choudhury explained. "Moreover, government regulations are leading to added pressure to adopt healthcare software."
Medical firms are certainly paving the way toward a new era of document management optimization given the stringent requirements they must adhere to, and following along with the best practices established in the process can help to inform the decisions of leaders in other industries.
Mobility still an issue
CIO Review recently published a blog post from Dan Surowiec of Baker & McKenzie, who discussed some of the challenges, complexities and threats involved in making document management more mobile. As a note, this is a venture that many businesses have already begun to undertake given the sheer force and prominence of mobile devices among the modern workforce and consumer landscape.
Firms that do not have any plans in place to make their document management systems available through mobile devices are likely failing to truly engage their employees as much as possible. According to Surowiec, security has been an obvious issue and concern among leaders given the current prevalence of data breaches, as well as how commonly mobile devices are attached to these events.
However, he argued that firms can safely take their document management strategies into the mobile era by making better policies and using the right device management tools for smartphones and tablets. Business leaders who are struggling to handle these processes should consider working with a trusted service provider.