Data is growing at unprecedented rates, yet the processes for communicating exactly what amongst this information glut is essential to the business haven't kept pace with the complexity and volume of the changing landscape. As the gap between the value of information and its associated costs and risks continues to expand, companies must get serious about improving their information economics.
Adopting an Information Lifecycle Governance (ILG) approach is central to achieving success with information economics. By following a proven roadmap of ILG tools and processes, organizations can foster the transparency that aids in the defensible disposal of excessive data. By getting rid of unnecessary data debris, everyone wins. Business users will gain optimal value from corporate information assets, IT and legal departments will be able to maintain tighter controls over costs, and organizations greatly lower their overall exposure to risk.
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