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Lost Documents = Lost Money

You probably haven't realized it yet, but the value lost due to missing information is enormous. A 2005 study by M.K. Bergman reveals that

  • it costs in average $150 to find a misfiled document;
  • 7.5 percent of all documents are lost forever;
  • the average knowledge worker spends 25% of their work time with searching for critical information; and
  • organizations spend 5 to 15% of their total revenue (!) on handling documents.
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