To say simply that everything is going digital offers no clue as to the enormity of the information revolution. Information, other than that carried in the human mind, is essentially any abstract parallelism to the physical world and, as such, it is unlimited in its potential volume. 50 years ago such a notion would itself have been an abstraction of no real importance because the formal production and storage of information was constrained, an activity performed primarily by a few. The average small business operated with an information base that could fit in a half-dozen file cabinets. Today, with billions of people now to enter, reproduce, and compress information at the push of a button, the sheer volumes of data that individuals and organizations routinely process, and demand access to, is becoming a global issue.
It’s this growing flood of information, coupled with ongoing advances in data communication, that are driving cloud processing as never before. Cloud processing offers the only way that businesses, or individuals, can have access to everything, at any time, from any place. The growth of cloud processing, as impressive as it has been, pales in comparison to its expected growth over just the next several years. The estimates are varied, and some would say almost meaningless, because there are so many areas of application.
GlobalWise Investments is taking advantage of all of this from two different directions. First, the company, through its wholly owned subsidiary Intellinetics, is a leading-edge technology company focused on Enterprise Content Management (ECM) solutions for small to mid-sized businesses. That is, they offer advanced software solutions that allow private or public organizations to easily store and access huge numbers of documents of any type. Secondly, although ECM can be operated in a stand-alone configuration, GlobalWise is leading the drive to cloud-based ECM, allowing clients universal access to their information base from anywhere in the world.
With a leg in both ECM and cloud technologies, GlobalWise is in an especially strong position. An example of the cloud’s potential is WorkDay, Inc. (NYSE: WDAY), provider of cloud-based applications for enterprises in the U.S. and internationally. In 2007, the company was at roughly $1/2 million in annual sales. Today they stand at approximately $220 million. Such growth required an extensive investment in R&D, Sales, and Marketing. With a fully developed software platform and channel distribution model, GWIV is incurring only nominal costs, and is currently expected to generate the following:
2011: $1.7 million
2012: $3.3+ million
2013: $5+ million
To learn more about GlobalWise and its software solutions, visit www.GlobalWiseInvestments.com
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.