By Helen Geib, QDiscovery
Information governance is the first stage of the Electronic Discovery Reference Model for good reason. E-Discovery is faster, easier and cheaper for companies that proactively manage their data.
Information governance maximizes value and minimizes risk
In its simplest formulation, information governance is the active management of business information to maximize value and minimize risk. An effective information governance strategy recognizes that these dual purposes may sometimes be in tension, and attempts to balance them in light of business needs.
Data has to be managed from end-to-end of the information lifecycle. Categorizing information when it’s created, placing appropriate restrictions on access and use, disposing of unneeded data and auditing for legal and regulatory compliance are typical initiatives. Business continuity planning and disaster recovery are two other critical components of good information governance.
Comprehensive information governance policies and procedures are an important tool. These should be responsive to the organization’s overall business needs and goals. Finally, ongoing employee education and training is essential. An information governance plan is only as good as its implementation.
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