The Importance of Wrangling your Data
In today’s highly digital enterprise landscape, it has never been more important to keep a firm hold on all information that enters and exits the storage systems. While many companies have already started to understand the dangers of cyber threats, and as such have developed more comprehensive information security policies, some are failing to realize that effective data management transcends simple security.
With electronic discovery (eDiscovery) becoming a more common challenge for organizations of all sizes, preparation through the implementation of unmatched data management protocols is crucial, and no, that wasn’t just a fancy sentence. Strong data governance can mean the difference between life and death for many companies, as information has always been, and continues to be, the lifeblood of any organization.
Information governance, to the moon
Information-Management Magazine recently explained several ways in which enterprises can establish more advanced and effective data governance policies. Having an accurate view of all information that is entering the company can be a boon for profits, as new tools related to strategies such as big data are becoming the biggest drivers of efficiency and revenue growth among organizations today.
The article explained that the first step is ensuring that all information governance policies are extensive and cover any new processes or operations before they are launched. For example, many companies are beginning to implement mobility strategies, such as bring your own device (BYOD). By incorporating new security policies for these occurrences into existing governance frameworks, companies will experience enhanced security and productivity.
Consistency and comprehension are among the most critical components of a successful governance policy, the source noted, and are contingent upon exceptional data organization. Chief Information Officers (CIOs), as well as IT professionals, should first diligently research the various types of data that will be entering the workplace. Then, policies should be formed to maintain strong organization of information throughout the lifecycle.
Do we really need to, though?
While this might all seem like beating a dead horse, it could not be more necessary to go above and beyond the call of duty when it comes to data management and information security. Studies indicate that many companies, especially smaller firms, are only one data disaster away from closing their doors forever. These disasters can relate to eDiscovery requests, data breaches and much more, and all can be mitigated through a commitment to progressive information governance.
When enterprise decision-makers do not feel entirely comfortable with their standing information governance procedures, it is often best to hire a firm that specializes in data management, security and eDiscovery readiness.
Sources:
https://www.information-management.com/gallery/how-to-evolve-your-master-data-management-practices-10024443-1.html”