Information is at the heart of all businesses, and every year the data is growing larger and more complex. This influx of information requirements has made it necessary for organizations to have effective information governance programs. In the Veritas State of Information Governance Best Practices survey, information governance programs were analyzed.
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This survey gathered information from 481 organizations in the United States and United Kingdom related to information governance, maximizing its potential, and minimizing its risks. Of those surveyed, 94 percent of the enterprises already have a formal program in place or are planning to implement.
Why do such a high percentage of organizations employ information governance programs? The survey revealed that enterprises seek to better manage risks. Legal was cited as the most pertinent risk, followed in descending order of importance by regulatory, financial, reputational, and productivity risks.
The most common method for organizations to utilize to achieve information governance is file archiving at 87 percent, followed immediately by email archiving at 86 percent. Other close runner-ups include DLP for structured data, information access controls, and database archiving. The enterprises utilize a myriad of tactics to employ these tools as well, which include the issuing of formal data use policies and training employees on archiving. Organizations are additionally making it a priority to have a better handle on the visibility of their data.
One key behavior that differentiates the high performers from the low performers is that the high performers are better at deleting data that adds no value. Additionally, they are better able to determine the value of specific data. High performers better assess file types to prevent build-up, measure redundancies, and classify files.
The bottom line is that having a higher level of engagement in visibility enables the best organizations to have a better sense of what is going on. There is also no “one-size-fits-all” solution for organizations to follow to employ their own information governance program.
You can view the full report here: https://www.veritas.com/content/dam/Veritas/docs/reports/state-of-information-governance-report.pdf