ILG-Leader Reference Guide
90% of the data in the world was created in the last two years. We have reached a tipping point: the growth rate of information now far exceeds IT budgets and the processes for governing that information. CIOs everywhere are shedding costs as rapidly as possible, and reducing IT spend as a percentage of revenue to align with shareholder goals and revenue compression. Accumulating, storing and litigating data without value is no longer rationalfor the CIO, GC, line of business leaders, or shareholders.
Information Lifecycle Governance Requirements Kit
The information lifecycle includes critical inflection points important to improving the underlying economics of creating, storing, preserving and disposing of information. An organization’s maturity in Information Lifecycle Governance for actively managing the lifecycle and addressing these points has dramatic affect in realizing informational value while reducing cost and risk.
How CIOs Can Reduce Costs and Lower Risks by Driving Improved Information Economics
The costs and risks of holding onto that amount of unnecessary data are staggering. Even if you are using the most sophisticated storage technologies, you are still spending exorbitant amounts to store that data. Plus, your organization is exposing itself to the possibility of crippling e-discovery expenses by holding onto unnecessary data: The cost of e-discovery averages $18,000 for each gigabyte of data that has to be reviewed, according to one survey.
Build the Business Case for Better Information Economics
Drowning in data? You’re not alone. Most enterprises are in the same boat. The amount of data being created is growing at an astounding pace: We are now producing as much data every 10 minutes as was created from the beginning of human history through 2003.