Hot topics for information management in 2017

Judging by 2016’s events, the world of information management is one of the fastest-moving in business.

What will influence information management in 2017?

1. Long-term digital preservation

Nowadays, companies need to keep digital records long-term, because of issues relating to compliance, legal defence, litigation and enduring corporate backing. This means more companies are utilizing cloud services – only effective for the short-term, converting to a problem when software becomes obsolete. Therefore, the demand for long-term digital preservation will grow.

2. EU General Data Protection Regulation (GDPR)

In force May 2018, the new regulation will have major implications for all sectors on the way data is collected, stored and accessed to protect personal data of all European citizens. Huge fines will be applied to any company holding identifiable information of an EU citizen, no matter where it’s based. More companies will be putting watertight information management systems and processes in place.

3. Dark data

As technology progresses and the Internet of Things takes hold, the amount of “excess” data being generated is set to become an increasingly serious issue for businesses in 2017. All information needs to be compliant with the GDPR come 2018. There are costs and risks associated with not understanding and managing it. Finding and exposing this data means easy gains. Expect to see more companies waking up to its value, and equally its risks.

4. Hidden cost of storage

With the cost of rental space expected to increase and digital storage continuing to drop, therefore we’re likely to see more companies moving from paper to digital storage in a bid to save space and money. Unlike paper, digital storage is continually being updated and the information has to be as well so it remains compatible with new software. Companies must be prepared to manage this to avoid unnecessary costs in the future.

This information was sourced from the article published in Information AgeRead the full article.