Information Governance: 2015 Predictions

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Valuation of Information Assets

Information is being created at a pace faster than organizations can analyze and extract value from it, which means that the potential value of the information may be far greater than the actual value an organization is able to derive. While corporate executives regularly say, "information is one of our company's greatest assets," they rarely truly understand, measure or leverage the total value of that information. In fact, they typically don't establish value for information assets the way they do for other assets in the organization.

In 2015, organizations will start keeping an internal balance sheet for the valuation of corporate information assets. Without doing so, they perpetuate the misconception that customer information only has value once it's used, and that customer data sitting idly has no value. Organizations simply cannot afford to ignore the value of their information assets.

Infonomics, introduced and being developed by Gartner, is an emerging theory and practice of recognizing and treating information as a corporate asset. Essentially, the theory of infonomics asserts that information is an actual asset with both potential and realized value that can be quantified, maximized, and managed as an asset. This trend of infonomics or, more generically, the valuation of information assets, will continue to emerge in 2015.

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.

 

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

 
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