We are living, working, and doing business in the age of information.
It isn’t likely that this incredibly wild and volatile age is going anywhere any time soon. The amount of data that exists is massive and it is changing and growing at exponential rates. In fact, per an IDC study, by 2020, 40 zettabytes of information would have been generated.
While most of this data is unstructured, ensuring an effective and efficient information infrastructure and governance strategy is in place, I more critical now than ever.
Why is this necessary?
Well, information that remains out of control is risky but information that is governed well can aid in discovering new opportunities for business development and drive business growth.
There are 4 foundational questions that you will want to ask to give your company’s information governance procedures a health check:
- How do you manage a single piece of information that is required by multiple departments?
- Do you have documented processes and policies for when, where, and why the information should exist?
- Are policies clear and understood at all levels?
- Are there adequate security measures in place, or is the volume and surface area of what needs protecting unsustainable?
The answers you come up with will likely help you to understand whether you have a good governance plan in place or if more work needs to be done in this area.
You can choose information governance practices that enable you to leverage information for business advantage rather than simply maintaining data.
If you want to find out more, click the link below for more information.