Information management targets e-discovery, compliance, legal risks while delivering long-term BI and governance benefits

Losing control over information sprawl at enterprises can cause long-term inefficiencies. But it’s the short-term legal headaches of not being prepared for E-discovery requests that have caught many firms off-guard.

Potentially massive savings can be had from thwarting legal discovery fulfillment problems in advance by governing and managing information. In a sponsored podcast, I recently examined how the well-managed — versus the haphazard — information oversight approach reduces legal risks. Yet these same management lifecycle approaches bring long-term payoffs through better analytics, and regulatory compliance, while reducing the cost of data storage and archiving.

Better understand the perils and promise around information management with guests Jonathan Martin, Vice President and General Manager for Information Management at HP, and Gaynelle Jones, Discovery Counsel at HP. The discussion is moderated by me, BriefingsDirect’s Dana Gardner.

Here are some excerpts:

Martin: Over the last five to 10 years, we’ve become increasingly addicted to information, both at home and at work. … and the size of it is beginning to really impact businesses. This trend is that information tends to either double every year in developing countries, and tends to double about every 18 months in developed organizations. Today, we’re creating more information than we have ever created before, and we tend to be using limited tools to manage that information.

We’re getting less business value from the information that we create. … Unfortunately, in the last 18 months or so, the economy has begun to slow down, so that concept of just throwing more and more capacity at the problem is causing challenges for organizations. Today, organizations aren’t looking at expanding the amount of information that’s stored. They’re actually looking at new ways to reduce the amount of information.

Coming into 2010, both in the US and in Europe, there is going to be a new wave of a regulation that organizations are going to have to take on board about how they manage their business information.

Jones: Because we have black-letter law that computerized data is discoverable if relevant, and because of the enormous amount of electronic information that we are dealing with, litigants have to be concerned with discovery, in identifying and producing it, and making sure it’s admissible.

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Source: blogs.zdnet.com
By: Dana Gardner