Information governance is effective, secure management of critical business data. A governance plan enables a company to understand the complexities and risks surrounding the information it generates and relies upon.
Governance enables a business to understand how to:
Manage ownership risk: A risk-based assessment pinpoints where to spend effort securing and controlling information.
Control owernship costs: Not everything is worth keeping. Service and support costs for managing outdated, redundant, irrelevant, or non-business related information is minimal compared to the time employees waste wading through files trying to find what they need.
Comply with regulations: Fulfill governmental requirements for filings and inspections without halting business.
Prepare for litigation: Respond quickly and surely to requests for information; avoid unwarranted discovery.
Detect and respond to leaks: Ensure information is handled correctly and minimize data loss in the event of a privacy breach.
Mitigate interruptions: As part of a business continuity plan, ensure your information can be safely managed by new processes while the rest of the business returns to operation.
Updated Friday, 14-Oct-2011 00:28:41 EDT.