Faced with a constantly growing volume of information, organizations today are realizing they need the right strategy to manage and protect their assets. The size of the digital universe is expected to roughly double every two years, increasing 50-fold by 2020.
WHY IS THE AMOUNT OF INFORMATION BEING STORED INCREASING?
• More data is generated by existing systems due to business growth
• More data is being captured per business activity
• More metadata, or data about data, is being generated
98% of business leaders said the amount of data they're storing is increasing
17% of business leaders say they don’t want to throw anything away.
14% say they don’t have a defined retention strategy, so they just go ahead and save everything.
At least 50% of the organization’s information is duplicate, outdated, or unnecessary.
Only 17% of companies say they use 75% or more of the data they collect.
All told, 80% of the information we store is unstructured. That unstructured information holds value as well as risk.
Without Information Governance, organizations have a difficult time managing and protecting their information. A comprehensive Information Governance strategy makes it easy for enterprises to maximize value and minimize risks and costs by capturing and governing all information.
www.urssystems.com
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