Data Valuation: The Key to Unlock Hidden Assets

By |2020-11-19T03:54:02-05:00November 4th, 2020|Information Governance and Management|

Consider the power of information. Big data drives investment decisions and informs innovation. On the other hand, sensitive data in the wrong hands can destroy a business practically overnight. Through data valuation, businesses quantify the value of their information—assets they can then use to generate more revenue for the company. For example, in healthcare, effectively managed data about treatment protocols and their outcomes leads to better patient results. In retail, information about customer buying habits drives future marketing campaigns and generates higher sales. And proprietary information delivers a competitive edge to technology and manufacturing companies. However, for all the value

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Embrace Data Ethics as an Essential Part of Business Strategy

By |2020-10-06T05:07:27-04:00September 30th, 2020|Data Compliance, Information Governance and Management|

Not just a matter of regulatory compliance, highly regulated industries and others that are not must consider embracing data ethics as a component of their overall business strategy. The Data Ethics Problem According to Deloitte, 9.7 billion data records have been lost or stolen worldwide since 2013. And since it went into effect in 2018, consumers have filed more than 95,000 complaints relating to the EU’s GDPR statute. Despite advances, legislation is not keeping up with the ethical issues raised by the large volume and variety of data collected. Those issues are bound to impact data-heavy businesses where it hurts,

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Leveraging Remote Talent to Optimize IG

By |2020-10-06T05:46:30-04:00August 12th, 2020|Information Governance and Management|

For today’s post, we spoke with a Senior Business Analyst in a large bio-pharma company about leveraging remote talent to optimize IG (information governance). She functions remotely in the role of Tech Systems Owner for Quality Systems with shared IG responsibility. Prepare, Prepare, Prepare for Remote Meetings Unfortunately, remote IG team leaders, including some high-level directors often run ineffective meetings. Frequently, they show up unprepared, assuming everyone is on the same page when many participants don’t have a clue. Siloed meetings also waste hundreds of hours in duplicated effort. Preparation is the key to running effective remote meetings. Therefore, before

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Navigate the COVID-19 Digital Transformation with Solid Information Governance

By |2020-08-07T08:32:30-04:00June 30th, 2020|Information Governance and Management|

Quickly adapting to the changing conditions arising from the COVID-19 pandemic is a matter of survival for many organizations. Indeed, work-from-home (WFH) technology and policies provide a lifeline for companies and employees alike. Thus, a COVID-19 digital transformation is well underway. Roadmap Needed Companies must be agile to survive shocks and changes in markets and consumer behavior to ensure their long-term success. Yet, remote work requires long-term strategies to generate the efficiency and anywhere access required. Corporate cloud migrations and office space resizing come to mind. Hence, organizations should develop a digital transformation roadmap to ensure that they arrive at

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4 Data Governance Tools that Protect and Power Vital Information Assets

By |2020-06-12T10:30:08-04:00April 1st, 2020|Cyber-Security, Data Compliance, Information Governance and Management|

Along with daffodils and Mardi Gras, spring 2020 brought a pandemic that has rocked the global economy and changed daily life. As organizations navigate the crisis, they depend on accurate, accessible and usable data to forecast the future and inform decisions. Data governance tools play an essential role in ensuring that businesses realize the full potential of data. For example, retail businesses need to respond in an agile way to changes in consumer buying habits. With up-to-date data, they can quickly analyze, and even anticipate, those changes. And with more employees working remotely, data governance tools help ensure that the

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3 Ways the Paperless Office Aids Information Governance

By |2020-06-12T10:40:01-04:00March 12th, 2020|Information Governance and Management, Office 365 and Migration|

3 Ways the Paperless Office Aids Information Governance As far back as 1975, a writer for Business Week predicted the paperless office. While the vision of a PC on every desk came true, paper use in offices around the world continues to climb. In fact, recent estimates suggest that the average office worker in the United States uses 10,000 sheets of paper a year. Much of that paper winds up in the trash within hours. Even more importantly, endless paper files leave sensitive information difficult to locate, organize and secure. In an age increasingly dominated by concerns about data privacy

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Control Mobile Data: Information Governance Essential

By |2020-06-15T11:18:58-04:00January 22nd, 2020|Cyber-Security, Information Governance and Management|

Information governance to control mobile data and reduce the associated costs of eDiscovery becomes essential. One of the biggest and costliest issues facing organizations under legal litigation is the ability to accurately provide electronic records as evidence when requested by the courts in eDiscovery. Organizations either have no idea what email or electronic document data exists in their systems and employee devices or where that data may reside. The Challenge of Mobile Data In today’s global communications environment, electronic messages can circumnavigate the globe in seconds. Messages can exist on cellular telephones, PDA’s, laptops, home computers and backup tapes. And

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5 Benefits of Data Governance for SMB Retailers

By |2020-06-01T09:02:09-04:00January 15th, 2020|Data Compliance, Information Governance and Management|

2020 ups the privacy ante for businesses in the United States, with tough new privacy laws taking effect in California and New York. Small businesses may qualify for exemptions from specific regulations. However, the focus on information management brings an opportunity to harness key business benefits of data governance for SMB retailers. 1. Protect Valuable Assets Just two years ago, The Economist pronounced the world’s most valuable resource to be not oil, but data. In retail, data powers all aspects of the business, from sales and marketing to HR and customer service. When retail businesses treat data as an asset,

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6 Steps to Privacy Law Compliance for Retailers

By |2020-06-01T09:05:09-04:00January 8th, 2020|Data Compliance, Information Governance and Management, Privacy|

The dawn of 2020 brought more than winter weather and New Year’s resolutions. Retailers must now demonstrate compliance with information privacy laws in the US, such as the California Consumer Privacy Act (CCPA) and, soon, New York’s SHIELD law. With strict customer privacy laws, retail information governance to achieve privacy law compliance takes on a key strategic role. For instance, CCPA mandates that businesses provide consumers control over their private information. That is, consumers can request disclosure of all personal data regarding themselves and their households. They can opt out of the sale of that data, and they can request

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Improved Customer Experience, Informed Decisions and Compliance from Retail Information Governance

By |2020-05-22T04:04:53-04:00December 26th, 2019|Cyber-Security, Information Governance and Management|

In the retail industry, data reigns. From market analysis to determining the success of a sales promotion, retailers depend on data to inform decisions and guide strategy. But without a way to organize and protect that data, it provides little value and can even prove a significant liability. Retail information governance promotes data quality and security. Consider a typical scenario. A clothing retailer sells merchandise through its brick and mortar store, as well as online. It gathers financial information online and through point-of-sale terminals in the store. Customers submit product reviews and sign up for loyalty programs. Email campaigns and

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Messaging Architects has been providing professional consulting services around unstructured data and information governance for over 12 years.  Our topnotch experienced project management and engineering team assists organizations to address information risk management strategies, eDiscovery processes, data security and information management policies.    Information is an organizations biggest asset but it can also be that organizations biggest risk.

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