Rethink Information Governance: The value of understanding Information Governance

Introduction

The COVID-19 pandemic has accelerated the digital transformation initiatives that were already underway at organisations around the globe. IDC estimates that $2 trillion was spent on transformation projects worldwide in 2019, encompassing 40 percent of all technology spending. 

The foundation of any digital business is data-driven decision-making. The challenge is managing data volumes that are expected to grow more than 60% annually for the foreseeable future, fueled by the massive amounts of information being thrown off by smart devices. Consider that a single self-driving car generates about 8 terabytes of data per hour, or roughly 1.6 million times as much information as could fit on a PC hard drive circa 1980.

This data explosion creates an ever-more urgent need for standards that define how organisations govern it. Many executives now say that information is their most important asset, yet Forrester Research estimates that between 60% and 73% of the average organisation’s data is never analysed. The disconnect between our ability to capture data and extract meaningful value from it will only increase as volumes grow. 

Information Governance (IG) is the foundation of an organisation-wide data management strategy. The concept isn’t new, but the practice of IG has radically changed. We created this three part ebook series to demystify IG and help organisations define a road forward as they harmonise their practices for governing records and data in all its forms. By starting now, organisations can better prepare themselves for the data deluge of the future.

To learn more download the e-book.