Clinging to every scrap of data that passes through your company’s network is like starting the clock on a time bomb. Eventually, it will blow up in your face. Having an Information Management (IM) policy or an Information Governance (IG) policy in place is like cutting the blue wire. When the clock runs down to zero, that data bomb is automatically deleted in a legal, defensible and sensible way.
Your IM policy will outline what data to preserve and how to maintain it. And it will specify a defensible deletion process for the data you don’t need.
Why is information management so important?
Reduces risk. An information management policy can play a key role if your company is sued. You can withstand a claim that potentially harmful data was deliberately destroyed by pointing to an established policy that applies to all data.
Reduces IT costs. Information governance decreases the amount of data that is kept in the system, which leads to a reduction in the cost of electronic storage. Plus, your IT department will thank you for having your data fully mapped and policies outlined for data preservation and deletion. A clearly defined policy makes everyone rest easier.
Reduces eDiscovery costs. With less data to feed into the eDiscovery process, thanks to your tailor-made IM policy, the costs for data collection, filtering, processing and review should be lower.
Increases productivity. Building an information management policy ensures organization on the front end, and it reduces the lost productivity that results from searching for data in a disordered system.
Don’t wait for that time bomb to go off. Our consultants can help you establish a sound, objective method to apply to your data.
Want to learn more about managing your data? Contact us or check out these resources:
• The Value of Information Management (case study)
• Creating and Implementing an Information Management Policy (white paper)
• Defensible Data Deletion (white paper)