CM Statistics: The Cost of Searching

According to research from International Data Corporation (IDC), �the amount of time wasted in futile searching for vital information is enormous, leading to staggering costs to the enterprise.� IDC studies have found that the cost of searching for � but not locating � information costs an organization of 1,000 workers about $6 million US a year. IDC says, �that’s not including opportunity costs or the costs of reworking information that exists but can’t be located.� When these costs are added to the calculation, an extra $27 million US a year is lost.

Talk about a big waste of money and resources!

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