So this is a problem, right?:
Why is it then, that fully 40 percent of companies do not have a formal information governance policy? Half of these have no plan or intention to implement one.
And it’s not just a problem in terms of eDiscovery, cost of storage, search-ability, or security. It cuts across all of those things. With no information governance policy, management doesn’t even know what it has, or where it is. This leads to not being able to locate relevant data for eDiscovery, not knowing what information is an important part of running the business and making decisions, and which is just garbage, and as we have always said, you can’t secure what you don’t know you have.
Since so many organizations don’t even know what they have, is it really any wonder that costs for all of this is skyrocketing, and data breaches continue to dominate the news?
Nope. Not at all.