IMDS
Manufacturers' Monthly has an article on their website about businesses who have failed to convert their business processes and suffered because of it. The problem, which the author refers to as Information Management Deficiency Syndrome (IMDS) focuses on many of the reasons that strong document or records management systems are important to every type of business.
From Manufacturers' Monthly:
With all the information being created, shared and stored by manufacturers, problems inevitably arise in the managing of that information. Whether driven by regulation, technology or customer demand, these problems have become so pervasive that an identifiable organisational malaise has taken hold across several different markets, one that we have labelled Information Management Deficiency Syndrome (IMDS).
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