Recent discussions with clients and colleagues confirmed my belief that lack of a formal governance program is the root of pain for many organizations. Feeling dis-empowered and with failed attempts at projects, IT is frustrated by their lack of progress and growing concerns around information growth, risks and value. The business end of the organization is frustrated due to lack of information visibility, quality and availability. There is clearly a disconnect that only senior level management, process, policy, tools and a pinch of cultural change must address.
A colleagues recently emailed a few studies my way one of them entitled “Key Issues for Establishing Information Governance Policies, Processes and Organization, 2008” ID Number: G00155554. This is well worth a read.
Why read this?
- Learn about the hidden OPEX and CAPEX costs surrounding Information
- Better understand the risks and liabilities of not deleting data
- Gain insight regarding the business pain of info-glut
The analysis section starts with the following statement:
Information governance requires a cross-disciplinary business and IT strategy as well as
dedicated projects that better relate people, policies, processes and technology to the information needs of business leadership. If not stored, protected, harnessed and metered effectively, information is wasted, weakens in value, or can pose many risks. Information governance has become a business imperative, and company leaders’ ability to apply equal rigor to managing all components of information across the business information supply chain will affect business performance, partners and prospects.
The report also provides a framework for building a governance program and reference other reports to provide the reader with more in depth information. If you partner this study with the publication “IT Governance: How Top Performers Manage IT Decision Rights for Superior Results” you’ll have a solid framework for building your Governance program.