Certain industries are in decline--the auto industry comes to mind--while certain other industries are on the definite upswing. The document imaging field appears to be in the latter category.
More and more dollars are likely to flow towards document imaging companies that provide strong solutions, especially in the medical profession.
Electronic health care records, for one, are a thing of the future. President Obama talks about the idea frequently, and Congress has allotted some $20 billion towards the cause. Doctors who meet an as-yet-to-be-determined "compliance level" with the electronic health record requirement are slated to receive up to $40,000 payments from the U.S. government.
Beginning in 2015, in fact, doctors and hospitals who do not cooperate may be fined.
All this is very good for document imaging companies who are tasked with the humongous job of transporting all the information contained on those millions of pieces of paper into digital files.
This massive undertaking may also benefit the business world in general, in the sense that practice makes perfect, and document imaging technologies are sure to improve during such a long-term and intense journey.
Now if only there could be devised a computer that could read a doctor's chicken scratch handwriting...
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