What does your information cost?


[vc_row][vc_column][vc_column_text]It might be the shortest month of the year, but February sure has a lot to offer: Black History Month, Groundhog Day, Valentine’s Day, Presidents Day, and Global Information Governance Day.

Global Information Governance Day, or GIGD is a day-long international event that occurs on the third Thursday in February. The purpose of GIGD is to raise the awareness of information governance. The celebration is coordinated and promoted by information governance experts, and was created by information governance (IG) thought leaders including Barclay T. Blair, founder and executive director of the IGI.

To celebrate the third annual GIGD, IGI is holding a Google Hangout titled “What Does Your Information Really Cost? (And Why You Need to Know Now)” with IGI Charter Supporter Nuix, on Thursday, February 19, from 1 p.m. to 2 p.m. EST.

The Hangout features Barclay; Brian Tuemmler, Information Governance Program Architect at Nuix; and Ajay Asthana of Pretiurm Analytics discussing key highlights from the IGI’s latest white paper also titled “What Does Your Information Really Cost? (And Why You Need to Know Now). You can register for the event here.

So exactly why should we be celebrating Global Information Governance Day and why is this hangout important?

Well, consider this: information can be a force for positive change in the world—improving business, government, and the lives of people in all walks of life. But these benefits aren’t automatic. The fact is we all have to work together to understand and manage information in a better way to reap any of these benefits.

Information is the commodity of our era—and typically, the more we have of a “good thing,” the better. Just think of the massive amounts volume of information being generated by organizations—information that helps businesses expand and grow.

The amount of data worldwide is exploding, and using analytics to mine this big data to gain meaningful business insights is the key to competition, productivity, growth and innovation. The promise of extracting profound insights from these large data sets is very real—and the potential is thrilling.

Now, consider the cost and the risk of mismanaging this information and you’ll begin to realize that having a good information governance strategy is critical to a company’s success. Alternatively, the lack of such a strategy will most assuredly spell the demise of the business.

Hidden in your repositories of information is likely a mixture of junk (outdated, duplicate, or information of no business value), risky documents (information whose content or even misplacement creates hazards), and documents of true business value. And, every day, your organization creates more of each kind.

The problem is that this unstructured data is growing faster than your organization—and most organizations—can handle it. And that means you can’t get any real value from it. To better manage and monetize your information so you can make the best decisions for your business, you have to know how much your information is really costing you.

The hangout is aimed at helping you think about the true costs of owning all this unstructured information so you can make better business decisions.

During the Hangout, we will:

  • Consider the unique challenges of unstructured data and its growth.
  • Analyze the factors that drive the cost of ownership of unstructured information and what can increase or decrease those costs.
  • Discuss how you can get started with your organization’s information by first gathering information and then mapping out a strategy to address it.

You can register for the Hangout: “What Does Your Information Really Cost? (And Why You Need to Know Now),” here.

Download our latest white paper here.[/vc_column_text][/vc_column][/vc_row]