Sources and volumes of data are growing exponentially. Website clicks, social media, sensors, and card swipers are generating massive amounts of data every second. More and more enterprises are beginning to collect and utilize this Big Data for all kinds of purposes, including improved business intelligence, targeted marketing and fraud detection. With so much attention being focused on the adoption of Big Data and analytics, one important question must be asked — Is this data being properly governed, or governed at all?
What is Information Governance?
Gartner defines Information Governance (IG) as “the specification of decision rights and an accountability framework to encourage desirable behavior in the valuation, creation, storage, use, archival and deletion of information. It includes the processes, roles, standards and metrics that ensure the effective and efficient use of information in enabling an organization to achieve its goals.” IG is a program, not a project. Effective IG programs have C-suite support and incorporate input from across the enterprise, including business units, legal, IT, information security, and human resources. IG will reduce costs and risks, improve efficiencies, and protect the enterprise’s most valuable assets — its information and its reputation. [Read more…]