Since 1860, technology and industry have been developing at an exponential rate. Although we have made remarkable advancement in our everyday lives but it involves several unanticipated consequences. Global warming, climate change, pollution and constant depletion of natural resources are fast becoming a scary reality.
As demand of paper and hardcopy devices are constantly increasing, forests and other natural resources are at risk of being depleted to meet requirements of growing population. Many organizations are oblivious of the enormous impact that waste paper and huge electricity consumption can have on the environment. Companies never seem to bother on tracking how much paper is printed and how much electricity is wasted each and every hour.
According to a survey, in the United States alone, a typical office creates about 1.5 pounds of waste paper per member of staff per day. Paper waste solely accounts for over 35% of waste currently being land filled. Hard copy devices such as scanners, fax machines, printers and multi-functional devices use electricity continuously even if they are not in use. The technology employed in the machine, called fuser, rotates regularly to shun deformation and has to sustain a minimum level of heat to print the first page rapidly.
While operating these devices, a lot of carbon gets emitted and raises company’s electricity bill as well. A recent research conducted by Photizo Group revealed the fact that the average price of a hardcopy fleet for a company with 750 employees is over $700,000 per year and the fleet consumes over 33,000 kWh of electricity and produces over 80 tons of carbon (CO2) emissions (equal to the total CO2 output for 16 cars – for an entire year).
Managed Print Services (MPS) focuses on reducing companies’ impact on the environment by mitigating unnecessary energy costs and spending on resources like paper. With MPS, you can reduce costs by outsourcing company’s document output management to an external vendor, making real cost savings on hardware, expendables and paper by streamlining the hardcopy devices.
MPS monitoring programs use carbon footprint calculators for carbon footprint estimation. It is a great way to address paper waste and make sure printing is done ethically and eco-friendly. The process has already attained many accolades across the globe. By taking budget and carbon footprint into consideration, MPS has been designed to support business goals.
By 2012, adoption of MPS strategy will make a huge carbon reduction equivalent to taking 304,000 cars off the road, saving adequate energy to power 230,000 homes for a year. MPS is a key to solve both cost and environmental issues related to output devices as well as bring extensive benefits by optimizing operational performance. This wonderful medium provides companies the efficient tools required to change the way hardcopy fleet is managed at a grassroots level.
The annual growth rate of MPS market is over 30% and itself validates its increasing popularity worldwide. It is expected that the market will be worth US$59.7 billion in terms of revenue by 2013 that is over 50% of the current business share. As almost every organization is wrestling with current repercussions of the economic downturn, this boom in the market is being driven by focusing not only on the cost but sustainability.
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