As the CEO of an American corporation, you may find it difficult to justify your investment in information governance (IG) programs by measuring the success and benefits to keep stakeholders invested.
Regardless of your industry, mismanagement of IG could mean disaster for your company. Record keeping has far-reaching implications that affect safety, security, compliance and business decisions based on inaccurate or obsolete data. Your top managers need to know the information they are using to drive the company forward is accurate and relevant. Many organizations have invested significantly in high-tech IG solutions, but the trick is in proving that these systems work and were worth the cost and time.
An example of successful information governance is hiring a dedicated risk manager who develops and oversees internal audits to evaluate compliance in your record keeping. Additionally, implementing upgrades to hardware and software for managing your data is another investment that is measurable and promotes value across departments. Destruction of obsolete or unnecessary information offers you a quick return on investment.
When you invest in technology but don’t accompany it with strict policies, you are asking for trouble. [read more]
Source: Waije Coler | Forbes