The Demand for SaaS Cloud EDMS Software in a Post-Pandemic World
The Demand for SaaS Cloud EDMS Software in a Post-Pandemic World
In the United States, digital technologies have grown to be a determinant of economic growth. The global digital transformation market size has expanded significantly in the last few years. The digital transformation market size was USD 737.88 billion in 2020 and is projected to reach 3,546.80 billion by 2028 with a CAGR of 22.5% from 2020 to 2027. The U.S. currently hosts the world’s largest technology market, representing 32% of the global market. Like other countries, the technology sector accounts for a notable portion of the nation’s economic activity.
Our Post-Pandemic World Has Changed the Way People Work
The coronavirus forced more than 2.6 billion people (one-third of the global population) into quarantine, necessitating new technological development in communications and collaboration. In 2018 roughly 5 million employees (3.6% of the U.S. workforce) worked from home – substantially lower than predictions for upcoming years.
Upwork estimates that 22% of the workforce (36.2 million Americans) will be working from home multiple days a week, by 2025, paving the way for a new era in telecommuting.
Historically, one of the biggest setbacks in the telecommuting movement has been centered around employers’ trust or rather lack thereof. Telecommuting creates distance between managers and employees, making it difficult for managers to gauge employee proficiency; with managers, for decades, evaluating employees based on attendance. Conversely, experts have been advocating for results-based productivity metrics for many years.
The COVID-19 crisis has certainly raised questions about organizations’ current approaches to management. Due to the recent influx of new data and workplace statistics, many experts are beginning to speculate that working in an office may soon become a thing of the past, specifically in professions where commuting isn’t a necessity.
The Demand for SaaS Cloud EDMS Software in our Post-Pandemic World
In 2020, the global document management systems market was valued at USD 5.51 billion and is now expected to reach 11.47 billion by 2026. The growing demand for workflow transparency and efficiency has supplemented the demand for SaaS Cloud EDMS software workflow and document management systems, paving the way for rapid growth in the industry.
Last year, most engineering firms adopted an engineering document management system (EDMS) to manage engineering workflows, document version control, and to view/redline CAD files that often require expensive pay-per-user CAD licenses. An EDMS is a cost-effective solution for IT professionals looking to improve business processes while engineers transition from working in the office to telecommuting.
Organizations across many industries are racing to increase efficiency and institute productivity-enhancing systems that offer quick return on investment. In our post-pandemic world, firms will need to continue to rely on innovative business processes and the digital transformation tools they need to manage these processes, further stimulating growth and scalability.
SaaS Cloud EDMS Software for Engineers, Built by Engineers
Our EDMS solutions are designed with the efficiency of engineers in mind and helps engineers manage and solve complex workflow and document management problems. Our solutions also help to improve productivity, security, document version control, product data management and file distribution, while ensuring documents are backed-up and stored in compliance with best practice guidelines.
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The Discipline of Workflow Schedule Management
Business operations seem more chaotic than ever. The economic swings seem bigger; the labor pool is tighter, more diverse, and more geographically dispersed; the amount of information is enormous; and at the end of the day, management has just become harder. Trying to get your arms around all that’s going on and ensuring the organization is focused on getting the tasks done is now more complex and daunting. Add pandemics, supply chain disruptions, geopolitical uncertainty, and now even historical inflation.
What is a manager to do?
The Discipline of Workflow Schedule Management
Business operations seem more chaotic than ever. The economic swings seem bigger; the labor pool is tighter, more diverse, and more geographically dispersed; the amount of information is enormous; and at the end of the day, management has just become harder. Trying to get your arms around all that’s going on and ensuring the organization is focused on getting the tasks done is now more complex and daunting. Add pandemics, supply chain disruptions, geopolitical uncertainty, and now even historical inflation.
What is a manager to do?
For a limited time, try a free 60-day trial of Engine-Box, our SaaS Cloud EDMS solution.
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