sbi and company proprietary and confidential p1 global corporate circle dcmi 2003 workshop metadata,...
TRANSCRIPT
![Page 1: SBI and Company Proprietary and Confidential P1 Global Corporate Circle DCMI 2003 Workshop Metadata, Search and Meaningful ROI Mike Doane Sr. Content Analyst](https://reader036.vdocuments.us/reader036/viewer/2022082917/5514c92255034693478b4ba0/html5/thumbnails/1.jpg)
SBI and CompanyProprietary and Confidential P1
Global Corporate CircleDCMI 2003 Workshop
Metadata, Search and Meaningful ROI
Mike DoaneSr. Content AnalystSBI and Company
![Page 2: SBI and Company Proprietary and Confidential P1 Global Corporate Circle DCMI 2003 Workshop Metadata, Search and Meaningful ROI Mike Doane Sr. Content Analyst](https://reader036.vdocuments.us/reader036/viewer/2022082917/5514c92255034693478b4ba0/html5/thumbnails/2.jpg)
SBI and CompanyProprietary and Confidential P2
Meaning of ROI…
“Really Only Imaginary”
Human factors can influence up to half of the total potential value to be derived from a collaborative application.
Breadth and repeatability are the key points to remember when deploying or upgrading an application. Help a lot of people many times…
--Nucleus
• ROI= average benefit over three years / initial cost.
• Fully loaded cost = 135% of salary.
--Nucleus
“Rip Off Investment”
“Return On Illusion”
![Page 3: SBI and Company Proprietary and Confidential P1 Global Corporate Circle DCMI 2003 Workshop Metadata, Search and Meaningful ROI Mike Doane Sr. Content Analyst](https://reader036.vdocuments.us/reader036/viewer/2022082917/5514c92255034693478b4ba0/html5/thumbnails/3.jpg)
SBI and CompanyProprietary and Confidential P3
Avg. annual cost per employee for file searching, verification, organization and backup: $8,200*
International Tobacco Company40,000 employees
X $8,200 =$328 Million per year
Internet Software Company4,000 employees
X $8,200 =$32.8 Million per year
$100k annual cost per employee20,000 employees searching
1.0 hours per day= $50 hour x 20k = $1 Million
per day
$120k annual cost per employee2,000 employees per day
2.0 hours per day= $60 hour x2 x2k = $240,000 per day
The Investment…
*Source: GISTICS; SBI analysis
Costs to build and implement average initial meta data solution:
• Consultant: 12 weeks: $150,000 ($2,500 per day, per person)
• Software: $0 - $85,000 (depending on usage)
• Employee(s): 12 weeks, 50% FTE, 3 people, $45,000
• Total initial investment: $195,000 - $275,000
![Page 4: SBI and Company Proprietary and Confidential P1 Global Corporate Circle DCMI 2003 Workshop Metadata, Search and Meaningful ROI Mike Doane Sr. Content Analyst](https://reader036.vdocuments.us/reader036/viewer/2022082917/5514c92255034693478b4ba0/html5/thumbnails/4.jpg)
SBI and CompanyProprietary and Confidential P4
Individuals realize reduced effort benefits:
Any improvement in the ability to find content reduces the overall cost to individuals, workgroups and the enterprise
The Return…
*Source: SBI analysis
6.6
15.7
43.5
25.1
18.1Finding the desired file faster
Reduction in time spent transferring files
Less time spent reorganizing
files
Fewer file lookups required
Other time savings
% reduction of time spent away from primary activity*
![Page 5: SBI and Company Proprietary and Confidential P1 Global Corporate Circle DCMI 2003 Workshop Metadata, Search and Meaningful ROI Mike Doane Sr. Content Analyst](https://reader036.vdocuments.us/reader036/viewer/2022082917/5514c92255034693478b4ba0/html5/thumbnails/5.jpg)
SBI and CompanyProprietary and Confidential P5
How could using the Dublin Core help?
The Future…
Potential cost reductions:
• Reduced consultant fees (From 12 to 8 weeks, saving $50,000)
• “Jump start” projects
• Less wait time until employees begin using
• Standardized metadata set for sale
Other issues:
• Recognized corporate standards
• Vertical market orientation
• Close integration with content technologies