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Why it’s time to stop printing and wasting money on paper

I first encountered the term “paperless office” in the 1980s. Almost 40 years later, it still seems like a distant goal. Stationery applies under a $150 billion marketdepending on their figures you believe, and it is expected to grow slowly for the foreseeable future.

This is not a screed on the environmental impact of paper use; you already know it all.

Due to the business costs we continue to rely on printed documents, especially since technology has reached the point where we can make a dent in the paper storm if it is not stopped.

Recently A McKinsey report says that intelligent document processing (IDP) technology is advancing so rapidly that 70% of respondents to the firm’s recent Global Executive Survey said their organizations are at least piloting business process automation projects. Smart document management tools tend to be at the forefront.

However, there is still a long way to go.

“Every year, close to three trillion pages are printed,” says Rohit Sood, head of McKinsey’s North American Digital Operations Practice. “Many of my clients are huge intake centers.”

Copyright © 2022 IDG Communications, Inc.

Why it’s time to stop printing and wasting money on paper

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