Quick Wins in Information Governance | FTI Consulting

Quick Wins in Information Governance

A Pragmatic and Proactive Approach to Regaining Control of Your Data

Technology

November 18, 2016

Information Bubbles

While most corporations have bought into the concept of IG, in practice it remains ethereal and abstract, with very little consistency from person to person in how it is managed, and most importantly, how it can be operationalised. As a result of this, there are often a lot of false starts.

The massive volumes and types of data in today’s corporations put a strain on legal and IT budgets, and further complicate organisational risk. There is little sign of any relief, as the International Data Corporation (IDC) predicts the world’s data will grow by 50 times within the next decade.

On top of this, the rising incidence and frequency of data breaches, emerging laws including the EU’s General Data Protection Regulation (GDPR) and the impending impact of Brexit, give a clear indication that companies are facing a rising tide of data challenges – one that is spreading beyond the purview of the IT department alone.

IG is defined by Gartner as “The specification of decision rights and an accountability framework to ensure appropriate behaviour in the valuation, creation, storage, use, archiving and deletion of information. It includes the processes, roles and policies, standards and metrics that ensure the effective and efficient use of information in enabling an organisation to achieve its goals”.


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