Information Governance Lifecycle - Cybersecurity Information Resilience

Information governance lifecycle

The rapidly increasing volumes of data is putting pressure on organizations to govern information effectively.

Organizations are finding it more difficult to understand what data they have, if data is secure, what data is being retained and if valuable business intelligence is being ignored. To help control ths growth and make it manageable longer term, information govenernace is essential.

Successful information governance can help you decide where to focus so thatyou can add value to the organization. This involves aligning data and intelligence with your business’ strategic objectives.

What is information governance?

Information governance is the process of managing information within an organization. It involves a number of steps including;

Identify what information your organization has
Analyse and classify the information
Manage the information by either

Optimizing information to generate additional value - for example deliver a single view of a customer across multiple business lines
Analysing information to gather business intelligence - for example enable smarter business decisions to be made based on a better understanding of what clients are doing right now
Securing information - In line with relevant legislation and regulations
Managing the information lifecycle – this includes ensuring data is retained for no longer than necessary, which reduces storage requirements and costs, enables defensible deletion and ensure readiness for e-discovery requests

4. Monitor progress and identify / evaluate improvements