This document/infographic from Open Text gives you a head shake to what is happening with information both in the enterprise and on the open web. To say that information volume is exploding is kind of like saying I had too many sides at Thanksgiving, an understatement.
As stated in this document from IBM, we are creating more data daily:
Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone.
Imagine trying to find the right information at just the right time. This just might require a bit of knowhow and some really capable technological tools. Now imagine doing that for a discovery requests that requires production in a timely fashion.
If you have a system that is well organized, well managed and implemented systematically you might not sweat this new reality. However, if like many organizations, you don’t always follow the records retention policy, your users keep information in non-secure devices and an email thread goes to more than the people that need to know you might have a bit of a production nightmare in front of you.
Volume alone should drive corporations to thinking about the strategic implementation and use of information governance policies. Add the cost that can accumulate from a poorly managed response to an eDiscovery request and it just makes sense that you look at ways to incorporate information management into your risk mitigation processes.
Constance Ard, December 4, 2012