Information Governance Is Good Business

By Mark Barrenechea, President and CEO, OpenText

It's no secret that the volume of information is growing significantly, continuing on an exponential growth path. For the enterprise, there is obvious growth of content within the firewall in email, file systems, corporate systems of all types, and even on paper. At the same time, there is also an explosion of high-value content outside the firewall, in wikis, blogs, social commentary, and customer interactions.

In some areas, issues of access to information are impairing the business. Systems that rely on paper are a prime example and still exist in many organizations. When information is dispersed and copied across many environments, it becomes increasingly challenging to collaborate on this information, difficult to ensure access to the latest version of content, and impractical to automate processes.

There is value in understanding data and turning content into meaningful enterprise information that can be used to optimize the business. When information is brought together in standard processes, analyzed, categorized and understood, that information can drive significant insight and competitive advantage.

Consider the case of an international firm bidding on a large capital project. Creating a response to the tender can be recreated from scratch or reused from previous projects. If information from similar projects is understood and can be easily reviewed and assembled, then the response to the tender demonstrates the experience held by the organization and offers a significantly higher chance of success.

As more is written about Big Data and competitive advantages in understanding and utilizing enterprise information more effectively, corporate executives outside of IT are focusing on information and process. They are recognizing the value of corporate information both inside and outside the firewall. In forward-thinking organizations critical business information is now recognized as a corporate asset that needs to be protected, and cost effectively managed and leveraged for maximum value to the organization.

Download this whitepaper below to learn more.