This is not an archives, unless it can be shown that there has been an arrangement of the material collected that provides us a context for its' assembly and existence as a 'collection.'Unfortunately, the word "archive" just means repository, while those who work in archives (and are indeed archivists) see it to be much more than that (and rightly so).
While it is clearly a 'collection' by most any definition, it lacks the process of appraisal that distinguishes any 'archival' one. The two terms I've used, 'arrangement' and 'appraisal' both have a specific meaning with the field of archivy.
In The Laws Of Archivy compiled by Terry Abraham, he notes that:
Garbage is garbage, no matter how long you keep it.This is true with both hardcopy and electronic materials. Gordon Bell has amassed gigabytes of information from his life, but it is all necessary? What if the information had been appraised? Would they find that some of is garbage and should not be saved?
Turning back to digitization, let's remember that the goal is not to digitize everything, but to digitized what will be useful and used. There must be some appraisal of the materials or you may find that you're digitizing junk.