Updates and Insights from Ripcord

Organizations just awakening to the power of digitization in their workflows may envision the end result of a digital revolution as a paper-free workplace. To be sure, the scanning of documents to eliminate the need to store numerous boxes of paper files is one reason to seek out digital solutions for a business. But taking control of a business’ documents means far more than simple document scanning. 

Ripcord customers span multiple industries, but they share a handful of core need states and at least one foundational requirement: the need for speed. From insurance and finance to healthcare and energy, Ripcord clients want operational optimization, and a large part of that involves increasing the pace of functions across all their organizations. 

Daily, the typical enterprise generates a vast amount of content, whether in paper or digital form. In the past two years, data collection increased significantly, however, most businesses are having trouble implementing their data successfully in their business process. A Splunk-sponsored True Global Intelligence Survey revealed that 57% of respondents say that data volume is growing faster than their organization can keep up, and 66% report that half or more of the data their organization has already collected is untapped, unknown, or unused. In fact, a survey from IDC states 44% of that data goes uncaptured, and 43% of data that is captured goes unused. IDC, 2020.

Protect Your Records Like You Protect Your Data As society depends more and more on technology, it has become standard practice for companies and law firms to invest in safeguarding their digital data and IT infrastructure. Primary storage systems, backup systems and secondary sites with backups for disaster recovery are the norm. With these defenses in place, if anything unexpected happens, such as a natural disaster, data can be recovered quickly and business can continue as usual.