A quick explanationWhat is Information Governance?
What is it, really?
According to Robert Smallwood as leading expert in the field, “Information governance is a subset of corporate governance, and it includes key concepts from information security, data privacy and protection, records and information management, content management, information technology and data governance, risk management, litigation readiness, regulatory compliance, long-term digital preservation and even analytics of information economics.”
As such, information governance is very similar to records management because it too is an ongoing program and it is good for business.
Why is it good for business?
- Records need to be maintained for specific periods of time and should have a lifecycle that includes deletion at the end. You can’t manage what you have if you don’t know what you have.
- Courts expect organizations to have information governance programs, and those programs should reduce overall volume and reduce the cost of discovery by managing information appropriately. Email has become the target of e-discovery, and if your don’t have an information governance program, you could be caught unprepared.
- Today’s knowledge workers are begging for it in their information workflows.
- Ongoing information governance helps reduce overall information risk when it comes to privacy compliance. In the last 2 years we have seen major privacy regulations, like the GDPR and the CCPA.
- Let’s face it information is a major corporate asset, and organizations are looking for new ways to leverage that information into “infonomics”.