All companies without exception currently have to manage a large volume of data on a daily basis. In particular, they must collect, store and process them wisely for the smooth functioning of the business. But many executives don’t even understand all the types and value of data their organization has. Hence the importance of finding the best information governance solution.
The Definition of Information Governance
First of all, information governance refers to an organization’s information resource management strategy. Its implementation requires adequate and effective policies, procedures and technologies. The objective is to find the best solution to facilitate the use of data while strengthening their security. Clearly, information governance includes all decisions made and actions taken at every level of data management. From the evaluation of information to the deletion through the creation, the safeguard, the use, the analysis and the sorting.
Information governance concerns the management and processing of customer and employee data. In medical institutions and some other organizations, it also applies to patient medical records and intellectual property. When it comes to companies, creating information governance policies is the responsibility of IG managers, executives and all stakeholders. These policies state precisely how employees must handle and process information.
Reasons Why Information Governance Is Important
We are now going to decipher all the benefits that information governance brings to a company. Since this is a fairly new concept and approach, it still raises a lot of questions. Several companies are still wondering what it is for and whether it is worth investing in such a strategy. But it should be noted that a good information governance program saves time for the whole team. It improves the productivity of employees since it allows them to use high quality information.
In addition, information governance helps meet business operational needs more effectively. It is an excellent lever for growth by making it possible to achieve objectives. Information governance helps you define your strategic priorities and act accordingly. Eventually, you will be able to implement a solution that is perfectly suited to your corporate culture as well as the level of stakeholder engagement and available resources.
Information governance allows you to comply with the regulations in force, thus preventing you from penalties. You will be safe from data breaches and get a better return on your business intelligence investment. A good information governance solution reduces storage and IT forensic expenses. Do not hesitate to call on an expert to help you find the best information governance solution