the risks & the rewards by the numbers · 2018-12-20 · the risks & the rewards by the...
TRANSCRIPT
THE RISKS & THE REWARDS BY THE NUMBERSAccording to IDC, enterprise data stores are growing at an average rate of 60% annually. As the challenges of Big Data continue to plague businesses, information governance — the controls, safeguards and policies across the enterprise to streamline information management and ensure compliance and e�cient access to pertinent data — is more critical than ever. What do organizations risk when they employ poor information governance, and what rewards do they reap when they employ IG best practices?
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Contact: Karen Schuler 703-336-1533 / [email protected]
IBM 2015 Cost of Data Breach Study http://www-03.ibm.com/security/data-breach/ 2013, OpenText Enterprise Information Management (EIM) White Paper Series (Information Governance is Good Business)
Integrity/Protection
Average cost of a data breach:
Companies with good IG practices reporting faster response times to events, accidents, press activities and FOIA inquiries:
$3.8M nearly
50%
The Gartner Master Data Management Summit 2012 Rand Secure Data 2013 Data Governance Survey
Accountability/Transparency
CIOs fired by 2016 for failing to implement good IG practices: 20%
When the C-suite is invested, likelihood of experiencing complete data loss/ data audit failure:
3x less
Compliance/Retention/Disposition
Companies reporting current IG practices reducing legal risk: 62%Average cost of
non-compliance issues per company:
$9.4M2011, The True Cost of Compliance CGOC The Council, Information Governance Benchmark Report in Global 1000 Companies
Availability
Companies missing business opportunities due to ine�cient information access:
73%Companies with IG programs with live access to archived data: 64%
IBM Infographic, Are You Confident In Your Data?The Council for Information Auto-Classification's survey (The Information Explosion: How Organizations Are Dealing With It)