The volume of information is increasing by nearly 100% each year. According to IDC, knowledge workers spend one-third of their working time searching for and quality assuring information.
Many organizations still rely on file sharing on networks, and even though they have transitioned to cloud solutions for storage, the challenges of duplicate files, uncertainty about whether the version they have is the latest, and a general feeling of not knowing where to store or find specific information often persist.
With the increasing volume of information and the growing array of different systems, the result is a heightened sense of information stress and a perception that it takes 70% longer to find the right information compared to three years ago.
In total, knowledge workers spend over 40% of their working time on administration, and 46% of respondents at the management level believed that their ability to plan, forecast, and budget was hindered due to a lack of information overview.
Need for enhanced security
According to IDC's survey, 55% of IT managers also reported that their companies had experienced information leaks in the past year. Additionally, data from Gartner revealed that 46% of employees have shared sensitive documents through personal file sharing accounts. As remote work continues to increase, the challenges surrounding information security also grow.
