Information Governance

Information governance is not just about recognizing information as a strategic asset, but about empowering the organization to subject it to high-level coordination and oversight. This empowerment ensures accountability, integrity, preservation, and protection of information enterprise wide. As a disciplined approach, it aims to treat the task holistically, removing silos and fragmentation, and improving the appropriate, efficient, and secure use of technology and resources needed to manage information.

What are the benefits of an information governance program?

Information governance programs bring many important benefits to the organization. In many cases, information governance is prescribed by law, regulations, and industry best practices. Even in the absence of a strong regulatory imperative, information governance is still essential to the orderly operation of information management systems.

Consistency and integrity: With documented, consistent policies and procedures for managing information, organizations can ensure their data is more accurate, complete, and up to date. 

Enhanced security and risk management: Sensitive, proprietary and private information must be protected from unauthorized access using the latest cybersecurity standards and best practices.

Regulatory compliance: Most organizations have legal and industry-specific requirements for information retention, security, privacy protection, accessibility and auditing.

Increased efficiency: With well-organized information that is easier to find and use, it saves time and resources, making the work process more streamlined and convenient.

Decision support: With more reliable and accessible data, leaders can make more informed strategic decisions.

Cost reduction: Organizations can reduce storage and management costs by eliminating redundant or obsolete data and streamlining processes.

Improved collaboration: Clear policies on information sharing can facilitate better cooperation between departments and external partners.

Enhanced reputation: Demonstrating responsible information management can boost stakeholder trust and organizational credibility.

Preserving valuable information: Proper governance ensures that important historical and operational data is retained and accessible over time.

Facilitation of digital transformation: A solid information governance framework provides a foundation for adopting new technologies and data-driven initiatives.