On average the cost to collect, cull and review information for each lawsuit a company faces is about $3 million.
It's no surprise that the amount of digital data is expanding exponentially, and will continue to do so. Experts have talked about it, and we have reported it, for years now. Unfortunately, according to a recent study conducted by the Compliance, Governance and Oversight Council, companies aren't getting better at managing the information they have. The report revealed that though 98 percent of Fortune 500 executives who participated in the survey acknowledge that “rigorous discovery” and defensible disposal of information is the most powerful outcome of information governance efforts, very few are able to effectively dispose of data.
Chances are then, adding more data to the equation will only complicate matters unless companies take a different approach to information management. The Electronic Discovery Reference Model Information Management project and its offshoot, the Information Management Reference Model, may be the way to go.
Tips on Controlling Your E-mail So It Doesn't Control You Get a handle on frequent interruptions caused by incoming e-mail.
Restoring Files: A $9 Billion Waste of Time Survey finds that a staggering amount of IT personnel time is wasted on restoring files.
Top 10 Wireless Predictions for 2011 Juniper Research has drawn up a list of predictions for 2011.
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