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The IGI Survey: Shaping the Future of Information Governance

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This blog covered the launch of the Information Governance Initiative (IGI) briefly back in February as part of our LegalTech roundup. Since then the interest levels in information governance – what it is, what it can help clients and counsel to do, how to get started – have increased among the eDiscovery and broader information management industry. As Jason R. Baron recently observed, “we need to think strategically about how to work in this new world” of big data. Developing an information governance (IG) program with “machine learning techniques” and “smart analytics” appears to be a wise strategic choice for enterprises seeking to address this problem. Turning this approach into an established best practice across the spectrum of industries remains at an early stage, as the IGI’s recently released inaugural annual survey shows.

While the survey results are not yet in, it is instructive to analyse the nature of the questions being posited. For example, one of the questions asks how much you agree or disagree with a definition. We think it is fairly uncontroversial to define IG as “The activities and technologies that organizations employ to maximize the value of their information while minimizing associated risks and costs.”

One of the bigger unanswered questions pertains to the role structured data has to play in IG. After all, those working in an ecosystem of structured data have long had the concept of data governance to play around with, including reference data models, data quality, and the like. The disciplines of IG and data governance are closely related, but different. But the lines between them need to – and will – become fuzzier since they both share a goal of effectively managing information for the purpose of maximising its value.

If you are approaching IG from a legal and, in particular, an eDiscovery background, with the focus on documents, emails and the like, bear in mind there is another world out there. People in IT and operations departments have been happily practicing data governance for many years, especially in industries such as financial services and retail. To be sure, that discipline has a narrower focus – after all, structured data is much smaller than unstructured data and growing more slowly. But before we can crack this IG problem, we need to understand what is commonly understood by it. A good way to do so is to solicit responses from a survey. We’d encourage all our readers to help complete a richer picture of what’s actually going on now and what we expect to be happening in the future with IG by spending 15 minutes completing the IGI’s survey.

 

The post The IGI Survey: Shaping the Future of Information Governance appeared first on Recommind.


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