Information governance lifecycle

The rapidly increasing volumes of data is putting  pressure on organizations to govern information effectively.

Organizations are finding it more difficult to understand what data they have, if data is secure, what data is being retained and if valuable business intelligence is being ignored. To help control ths growth and make it manageable longer term, information govenernace is essential. 

Successful information governance can help you decide where to focus so thatyou can add value to the organization. This involves aligning data and intelligence with your business’ strategic objectives. 

What is information governance?

Information governance is the process of managing information within an organization. It involves a number of steps including; 

  1. Identify what information your organization has
  2. Analyse and classify the information
  3. Manage the information by either
  • Optimizing information to generate additional value - for example deliver a single view of a customer across multiple business lines
  • Analysing information to gather business intelligence - for example enable smarter business decisions to be made based on a better understanding of what clients are doing right now
  • Securing information - In line with relevant legislation and regulations  
  • Managing the information lifecycle – this includes ensuring data is retained for no longer than necessary, which  reduces storage requirements and costs, enables defensible deletion and ensure readiness for e-discovery requests

4. Monitor progress and identify / evaluate improvements