Information Governance: Top 10 Reasons Why It’s a Priority

We all realize that information is an asset.  Enterprises produce so much data that it becomes a challenge to effectively manage this information, and the amount of information is continuing to grow at an incredible rate. There are key insights to help improve business performance that may be hidden in the millions of documents, emails, and records an enterprise retains and they’d never know it.  Also hidden in this data may be issues with compliance, leaving the enterprise open to risk. The best way to uncover these insights and mitigate these risks is to be in control of the data and have a system to access, manage, and protect your information. Having an information governance strategy is essential to maximizing the value of the information your business possesses. 

 

Here are my Top 10 reasons you should prioritize Information Governance:

  1. Cost Savings Reduce IT costs while also easing data storage costs. Enterprises can dispose of duplicated and unnecessary information in accordance with regulations.
  2. Business Productivity Access and search for information in real time. The data will be more complete and accurate and enable employees to better address customer concerns and communicate throughout the enterprise.
  3. Better Decision Making Find hidden value in Big Data. Information previously housed in silos across the enterprise is now easily accessible to employees across the organization encouraging collaboration. Make better decisions with more robust information, extracting more value from enterprise data.
  4. Compliance Retain data in accordance with internal and external regulations. Save storage costs by disposing duplicated information in a defensible manner.
  5. Leverage the Cloud Take advantage of efficiencies and cost savings of the cloud by better governing data and migrating the most valuable data to the cloud.
  6. Operational Efficiency  - Retire old applications and legacy databases with little operational value. Ensure that legacy data is defensibly disposed and important data is migrated to the cloud.
  7. Decreased Risk Preserve data in preparation for legal matters to decrease the risk of fines and sanctions. Be better prepared for unintentional data leaks and data spoliation.  
  8. Customer Satisfaction Uncover important insights hidden within customer interactions, including those found in social media. Address customer satisfaction with a more streamlined and efficient way to access information.
  9. Security Mitigate the risk of data leaks and security breaches dealing with remote and mobile access of enterprise intranet from mobile devices.
  10. Records Management Ensure when data is created that it is properly classified and retention policies are applied. Increase productivity of employees by eliminating wasted time searching for data.

Information Governance has benefits that have material impact on both the top and bottom lines of business. Critical enterprise information can be found in silos and a strategy to control and manage the information will allow enterprises to extract the most value from the data. The benefits range from saving money on storage costs of legacy data, to increasing worker productivity, to more efficiently managing customer satisfaction. Data is growing at an incredible pace, make sure your enterprise has a strategy to harness the information and utilize it as the critical asset it is.  Interested in learning more? We’ve put together some great material for you on our microsite

 

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About the Author
David Brown is a Product Marketing Manager at HP Autonomy, where he leads product marketing for several of HP’s Information Governance solut...
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