Information Governance: 2015 Predictions

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Information Governance as a Discipline Will Continue to Expand

We will continue to see new technologies and vendors enter and expand the information governance market throughout 2015. Initially, much of this market will be focused on applying the principles used to manage physical records to electronically stored information. As this has evolved, it has become clear that new technologies are required to handle and automate much of the manual process applied for physical records. Policy management and automated enforcement emerged very early as critical functions to support the volume, variety and velocity of information spread across disparate repositories, technologies and systems.

E-Discovery software emerged to eliminate the manual processes used for paper to provide identification, preservation, collection, processing, review, analysis and production of electronically stored information (ESI) to support the discovery process for litigation. Out of e-Discovery emerged technologies to assist with early case assessment (ECA) and legal hold-notification and processing. More recently, file analysis is emerging to provide organizations an understanding of the ever-growing volume of unstructured data, and help categorize information assets to be governed.

With the recent news of leaks, scandals and hacks, executives are more concerned than ever to protect their data. We'll no doubt see technologies and vendors emerging, expanding or even changing to ensure that companies can quickly and easily ensure that their data is governed properly. The next innovation remains to be seen, but clearly an information governance strategy will continue to be important for all businesses.

In this digital age, it is crucial that corporate documents, both electronic and physical, are governed to ensure that organizations remain fully compliant. As the mountain of information grows, so too does the burden to manage it. With the ever-increasing frequency of electronic communication in the workplace, information governance is a field that will continue to grow and evolve in the coming years.

2014 was a big year for information governance, with records managers embracing the need and driving the transformation from existing records management practices to full information governance in their organizations. Many of the information management conferences and organizations focused their efforts on information governance in 2014 including AIIM and ARMA, as well as the newly formed Information governance Initiative (IGI). AIIM focused one of its Executive Leadership Councils (ELC) on information governance and ARMA jointly staged with the Sedona Conference the first Executive Conference on information governance.

Moving into 2015, organizations must make understanding the value of their information assets a resolution. According to Bassam Zarkout, CTO, RSD, technology alone is not a solution; instead, it must be coupled with cultural changes within an organization in order to implement a successful information governance program. The following slideshow discusses key information governance trends to watch for in 2015.

 

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