Big Data has become the buzzword of the day but it’s not all as evil as people claim. Data is used in many forms, be it as OKR vs KPI data for tracking employee progress and sales, or through marketing data used to better understand what the audience wants from a company. For example, many people don’t realize how many businesses use data mining to benefit their business. And this is because web scraping sounds like a big, bad privacy breach but the reality is much less exciting. Businesses can use it to glean insights on their competition and industry so they can improve things like their marketing efforts. To find out more check out the ultimate guide to web scraping tools – https://understandingdata.com/web-scraping-tools/.

Ask any Fortune 1000 company about the data mining projects that will find the best clients, reject the worst prospects, spot the newest trends, and make lots of money for the enterprise. The ERP Solutions and systems are filled with all the data needed to make intelligent decisions except:

What about the Forms that are either stacked in file cabinets, or were attached to an email that was deleted the last time the email administrator purged the system. This Elephant in the Room of Big Data has not been recognized as a serious flaw in data by many organizations

The American Records Management Association (ARMA) and IDC have reported that the average company spends 7-14% of its total costs on document processing in a paper environment. This adds up to a boatload of elephant dung, or data that does not make it to the ERP system, the Data Mining solution, or the Intelligent Decision.

Solutions for Forms Management exist at departmental levels, but are limited in scope by parameters of workflow, routing, and ultimate storage into a repository, which can be mined for relevant data.

An evolutionary Forms Management system has been brought to market to replace the elephant that was in the room. FORMVERSE is an Enterprise Forms Management software product, which will provide: workflow, routing, and the ability to be stored in an ERP repository. In addition, all Data and Metadata on the form, and all reporting on the forms can be searched using Microsoft Outlook. This search by Outlook can be made even after the form is stored in the ERP system.