The Value of Information Governance: Finding the ROI

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
Next The Value of Information Governance: Finding the ROI-3 Next

Cost reduction

While information governance is not revenue-generating, it can be a substantial cost savings center, thus creating the same net effect. The first step in measuring how information governance can help is to discover how much of this data would be affected by proper governance. Studies indicate that anywhere between 40 to 80 percent of corporate data is comprised of ROT (redundant, obsolete, trivial) data. ROT reduction is one of the primary benefits of information governance. Because the average organization spends 25 percent of their IT budget on data storage and 75 percent overall on infrastructure, information governance can have a significant impact on IT spend.

Information governance is the set of multi-disciplinary structures, policies, processes and controls implemented to manage information. Gartner states that "the goal of information governance is to ensure compliance with laws and regulations, mitigate risks and protect the confidentiality of sensitive company and customer data." More than another word for "records management," information governance aims to support an organization's regulatory, legal, risk, environmental and operational requirements.

A successful information governance initiative requires a cross-functional team effort, usually consisting of records, IT and legal, often with executive sponsorship. The elevation of records to include IT and legal also brings into play more budgetary options. Information governance will normally be a function of the IT budget rather than records, which opens up many more possibilities.

Many organizations agree that lack of active governance is a big problem, but few have a viable solution. In particular, it can be difficult to get buy-in and obtain funding for a non-revenue-generating initiative. However, information governance is a necessary process for any business that is required to keep both physical and digital records.

Fortunately, according to Michael Shufeldt, global director, digital market leader at Recall, there are reasons so compelling it would be difficult to ignore information governance when the effects are well understood. In this slideshow, he discusses how a proper information governance initiative can deliver a measurable and rapid ROI (return on investment) on key business case factors.


Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

More Slideshows

IT_Man89-290x195 9 Tips for Running a 'Tween' Company

Advice and tips for entrepreneurs and companies that are no longer startups but not quite ready for an IPO, also known as "tweens." ...  More >>

IT_Man88-190x128 Top 5 Trends Affecting Women-Owned Micro Businesses

Learn more about the challenges and opportunities presented to women leaders, especially micro-business owners. ...  More >>

Analytics21-190x128 5 Ways to Avoid Becoming 'Digital Prey'

Future IT leaders will need to seek technologies that eliminate silos in order to deliver the right information to the right person within the right application environment at the right time. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.