Information Governance – Who knew companies were actually doing it, let alone know what it means?
I always have to chuckle every time I read a blog authored by an analyst, consultant, or vendor who attends a conference and realizes that no one seems to understand what Information Governance is. This happens more frequently than I care to admit. Confusion is a common problem I guess. I read an excellent article, ‘Information Governance To Take Centre Stage’, written by Jason R. Baron – Of Counsel in the Information Governance and eDiscovery Group at Drinker Biddle & Reath LLP in Washington, D.C. In his article he references a study done by the Information Governance Initiative (IGI) a recently formed think tank and consortium of industry solution providers.
What I found very interesting, is according to the survey, “The IGI’s Annual Report for 2014 found in a survey to a community of 5,000 individual practitioners and providers in the IG space that small to mid-sized businesses (under 5,000 employees) have on average four IG projects currently underway, averaging US$330,000 per project; larger organisations (over 5,000 employees) have six such projects, with an average spend of $2,000,000 per project.”
What would be helpful to many who are still confused about Information Governance is the excellent chart below, taken from the same survey that identifies the functional areas that Information Governance includes.
Anything else you would like to add to the list? Have you tackled any of these as an Information Governance project?