Digital paper has many advantages that are well known, mostly dealing with chances for analysis and search. Recently the U.S. Securities and Exchange Commission has proposed that digital paper be used for mutual funds, public companies, and banks to help secure their financial filings. By late 2008, large public companies will have to present their filings in XBRL which is a modular XML standard with tons of thousands of tags. The experience of printing is easy and it presents a prospect that is difficult to match digitally. It is important to know that even though digital is always on, that does not necessarily mean that it is always accessible.
Now in days, everything is digital except for one object that refuses to get with the program, which is paper. Computers, organizers, music, movies, phones and even picture frames have all been changed by digital technology. There have been many attempts to make paper digital and to replace its features by electronic means, but it has not worked because paper already works so well for many people. Erick Schonfeld, an editor at large for Business 2.0 said that paper is a different type of technology that has been ideal for over the past 2,000 years. So many people use paper because it is flexible, cheap, and durable; also it is everywhere.
Paper is easy to write and draw on since words and images can be easily stored on it by using pens, brushes, crayons, or ink-jet printers. Many people use it to send letters or share information with others because it is easy to fold and drop it in a mailbox. Paper would still even work if it got a little wet. Throughout these past years, many companies have been trying to replace paper’s visual assets with electrostatically charged beads, and then are pressed with clear sheets of plastic; lastly they are zapped through an electric current which eventually causes the plastic to turn black or white.