Many organisations today have content stored in business applications and system databases, which can contain confidential information that pertains to future strategy, forecast figures and partnership plans, or sensitive data such as personally identifiable information, personal credit or personal health information.
However, many struggle with effective information governance, and understandably so as data is growing and increasing exponentially.
In fact, at the end of last year, the IDC has released a report on the ever-growing datasphere, where they have predicted that the collective sum of the world’s data will grow from 33 zettabytes to a staggering 175ZB by 2025, for a compounded annual growth rate of 61 percent.
That’s 175 trillion gigabytes. To further put it into perspective, as Network World puts it – if you could download 175ZB on today’s largest hard drive, it would take 12.5 billion drives.
However, governing that data forms a crucial part of every business, as it provides a framework to ensure that personal information is dealt with legally, securely, efficiently and effectively, in order to deliver the best possible care.
It means having a full view of how much data there is, what it contains, who it is accessed by, where it is stored, how long it should be kept, how it is deleted when it’s no longer needed or relevant, and how the data is protected from data breaches and other security threats.
Source: My BroadBand