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Dealing with Document Deluge & Dangers

Assessing Deficiency, Limitations, and Risk in a Digitally Connected World

Call it Document Deluge. Every year the world generates, distributes, processes and consumes hundreds of billions of documents to communicate, inform, educate, market, sell, transact, permit, govern, litigate, and otherwise carry on business and commerce. Indeed, it’s estimated by some experts that we create more than 2.5 trillion PDF documents alone each year. Though essential, these documents can be a source of great frustration, concern, and productivity waste. The Dealing with Document Deluge & Danger initiative seeks to gain fresh insights into how today’s workers, managers, and consumers depend upon and cope with documents in their life and work — and perhaps how they would like to modernize the traditional document to be more valuable and productive in today’s connected world.

Sponsor

FoxIt
Foxit is a leading software provider of fast, affordable and secure PDF solutions. Businesses and consumers increase productivity by using Foxit's cost effective products to securely work with PDF documents and forms. Foxit is the #1 pre-installed PDF software, shipped on one-third of all new Windows PCs, including those from HP®, Acer, and ASUS®. Foxit's Software Development Kits (SDKs) help developers reduce costs and improve time to market by easily integrating industry leading PDF technology into application workflows. This technology shares the same underlying technology that powers Google's open-source PDFium project. Winner of numerous awards, Foxit has over 325 million users and has sold to over 100,000 customers located in more than 200 countries. Since Foxit products are ISO 32000-1/PDF 1.7 standard compliant, they are compatible with your existing PDF documents and forms.
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Studies

Dealing with Document Deluge and Danger
A new study that explores the value, challenges, disconnects and new requirements surrounding document creation, processing and sharing in business and government organizations. 
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Media Coverage

June 28, 2016 - Foxit Introduces PDF Workflow That Will Rock Team Collaboration
Paul Chaney, Small Business Trends
PDF, a file format designed to present documents in a manner independent of software applications, devices or operating systems, has not changed much since its invention in 1993. That is, until now. Foxit Software, a provider of PDF solutions, today announced the release of ConnectedPDF (cPDF), a technology that brings PDFs into the 21st Century, enabling teams to collaborate, share and track PDF documents in a secure cloud-based environment. Read more »

June 28, 2016 - Use These Lighter Adobe Reader Alternatives to View PDFs
Elena Opris, Softpedia
If you're looking for an alternative to Adobe Acrobat Reader PDF viewer, which has fewer options and lower impact on system resources, then you can check out this guide, where we're exploring three Windows applications that are free to use. Any of them can be set as your default PDF reader. Read more »

June 27, 2016 - Foxit Launches ConnectedPDF
Joyce Wells, KM World
Foxit Software, a provider of PDF solutions, has rolled out ConnectedPDF, a new technology for the creation, sharing, and tracking of PDF documents. Developed as an extension to the ISO PDF format, ConnectedPDF (cPDF) enables cloud-delivered capabilities, such as document locating and tracking, file update notifications, shared and synchronized reviews, remote file protection, and data collection. Read more »

June 27, 2016 - Foxit Connects PDFs to the Digital World
David Roe, CMS Wire
Fremont, Calif.-based Foxit Software wants to push the PDF format into the digital world with the release of its new ConnectedPDF application. Calling it more than a mere upgrade to its PDF technology, Foxit CTO Steven Li said this release will create a new "Internet of Documents" by embedding identity and intelligence into the PDF.. Read more »

June 27, 2016 - Foxit Reader 8.0 Introduces ConnectedPDF Collaboration, Adds Touch Mode Support
Nick Peers, Beta News
Foxit Software has unveiled Foxit Reader 8.0, the latest version of its PDF viewer and creator for Windows PCs. The reader, renowned for its lightweight and speedy nature, introduces support for Foxit’s new online ConnectedPDF Document Management System. The new release also adds support for Touch Mode on supported models as well as Dropbox integration. Users also gain a handy new auto-save PDF option to protect against crashes or power failures. Read more »

June 24, 2016 - Payers Seek Cost, Integration Efficiencies for Value-Based Care
Anand Natampalli, HealthPayer Intelligence
Health insurance is no longer primarily a business-to-business transaction between payer organizations and employers. Today, payers must be prepared to holistically meet the needs of millions of individual consumers—from onboarding and first appointments to billing and wellness and retention. Read more »

June 20, 2016 - Foxit Takes a Standard and Destandardizes It. But Are The Benefits Worth It?
Ben Kepes, ComputerWorld
This morning Foxit Software, a company that specializes in offering solutions around different use-cases for PDF document, announced that it is aiming to extend the value that the PDF brings to organizations with the launch of ConnectedPDF (cPDF) a new technology that aims to tack accountability, collaboration and productivity onto the humble but hugely valuable PDF. Read more »

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Facts & Stats

Cloud storage providers say the PDF is the most popular format in their repositories. PDFs take over 50% of files stored. 73 million new PDF documents are saved each day in Google Drive and Mial. There are 18 billion PDF documents in DropBox. And 17% of files in Box are PDF documents.  (Source)

The global document management systems market to grow at a CAGR of 14.28% over the period 2014-2019. (Source)

Professionals Spend 50% of Their Time Searching for Information and Take an Average of 18 Minutes to Locate Each Document.  (Source)

E-Signatures save an estimated $20 per document and reduce turnaround time by 80%.  (Source)

IDC estimates that the typical enterprise with 1,000 knowledge workers wastes $2.5 million to $3.5 million per year searching for nonexistent information, failing to find existing information, or recreating information that can't be found. (Source)

Information workers waste a significant amount of time each week dealing with a variety of challenges related to working with documents. This wasted time costs the organization $19,732 per information worker per year and amounts to a loss of 21.3% in the organization’s total productivity. For an organization with 1,000 people, addressing these time wasters would be tantamount to hiring 213 new employees.  (Source)

Addressing the document disconnect can provide exceptional benefits in terms of reduced cost and risk. Line-of-business leaders we surveyed estimate that fully addressing the gaps in their departmental document processes could yield a 36% increase in revenue, 30% reduction in cost, and 23% reduction in business/compliance risk. (Source)

Document challenges account for 21.3 percent productivity loss. (Source)

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Articles

December 17, 2015 - PDF in 2016: Broader, Deeper, Richer
PDF Association
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December 7, 2015 - 7 Stats That Will Make You Rethink Your Document Management Strategy
business.com
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October 6, 2015 - Emergence of Paperless Offices Will Inflate the Global Document Management Systems Market Through 2019
Reuters
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September 22, 2015 - It's Time for PDF 2.0
IT World
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August 7, 2014 - 7 Pain Points For Doc Management
CMSWire
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White Papers

Document Management Return on Investment
While it may seem obvious in general terms that a managed document environment would provide significant benefits, justification in clear-cut financial and competitive terms is less clear. This whitepaper provides a road map for clarifying the ROI process for a Document Management System. Read more »

PRESS RELEASES

GLOBAL STUDY TO EXPLORE BUSINESS VALUE OF THE INDUSTRIAL INTERNET OF THINGS

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NEW RESEARCH FROM PENTON'S IOT INSTITUTE FINDS PRIVACY & ORGANIZATIONAL READINESS ARE THE PRIMARY CHALLENGES OF IMPLEMENTING IOT

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