Montreal-based software evaluation firm Technology Evaluation Centers has created an enterprise content management evaluation center to �help companies navigate through the demanding process of choosing an ECM software solution,� according to company officials.
Enterprise content management allows organizations to capture, manage, store, reuse, and publish their content to support the different processes within their business.
TEC �and other research firms� think ECM is �on the rise� as one of the most important business drivers for the near future. TEC has tracked increases in customer demand for ECM selection projects, with numbers growing seven-fold since 2004.
Over the next year, the company�s projections suggest that revenue in licensing for ECM will grow from $1.28 billion to $1.86 billion through 2009. �Due to current governance and regulatory compliance regulations, ECM will become more and more important in order for organizations to be able to meet the requirements of these acts,� thinks Hans Mercx, ECM and BPM analyst at TEC.
The TEC ECM Evaluation Center (http://www.ecmevaluation.com/press) �enables end users to match their requirements to the functionality provided by a variety of ECM solutions,� according to company officials: �Organizations can use the center to analyze vendors on approximately 1,200 criteria covering ECM functionality.�
Vendors presenting solutions for comparison include 80-20, AMCO, CentricMinds, Crown Peak, Day Software, Emojo, Hannon Hill, iUpload, Kentico, Numotion, Serena, SilkRoad Software, Stellent, and Snakeware.
The TEC ECM Evaluation Center (http://www.ecmevaluation.com/press) covers a broad range of features from content acquisition, approval and syndication, to document management, record management, digital asset management, workflow, and publication of the actual content.
TEC claims that �research by The Standish Group shows that 52.7 percent of IT projects cost 189 percent of the original estimates. This represents $75 billion yearly that is spent on failed IT projects in the United States alone.�
Organizations are �losing billions of dollars each year because they select the wrong hardware, middleware, and software, which is due to inadequate vendor information and evaluation processes,� TEC claims, adding that �such losses are increasingly apparent within price-sensitive, small and medium enterprises, which require accurate IT information to be collected quickly and cost-effectively during software evaluation process.
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