Take a Look Inside the IGI Annual Report 2015-16: Spending on IG will Increase
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In our previous look inside last year’s IGI Annual Report 2015-2016 , the industry’s most comprehensive research on information governance (IG) as a concept, profession, and market, we discussed the number of projects organizations are undertaking and what they are spending. Today, we look at predictions for spending increase in 2016.
While the IG market may not be perfectly defined today, organizations are taking action and spending money on IG. However, is spending predicted to increase in 2016? We asked practitioners who told us their organizations had at least one active IG project whether they expected spending to increase in 2016 and, if so, by how much. For providers who reported at least one active IG project at their typical customer, we asked parallel questions with respect to revenue generated from IG. Here is what we found.
Of those practitioners who reported that they were actively doing IG projects today, nearly half said they expected spending to increase next year. Providers are even more optimistic about market growth with 91% telling us they expect revenue earned from IG to increase in 2016. In fact, a solid portion of both groups predict that their spending will increase dramatically. For example, nearly half of practitioners predict an increase of 30% or more, and over one-quarter predict an increase of 50% or more. Of those organizations that report actively doing the work of IG today, a solid segment predict both spending more than last year and a lot more in 2016.
The IGI has begun the process of developing the 2016-2017 IGI Annual Report, building upon the success of the last two years. As part of the research for our Report, we are conducting a survey of information governance professionals. Please participate in our survey to help us create a great resource for the IG Community. The results will be published in a comprehensive Annual Report which will include a variety of infographics and other tools we will freely provide to the IG Community under a Creative Commons license. These infographics have become part of many IG practitioners’ internal presentations, and the Annual Report has become the go-to reference guide for many in the industry. In the meantime, take a look insider last year’s report. All data you provide through this survey will be reported anonymously.