Information Governance- Big Data
ITS 833 – INFORMATION GOVERNANCE
Chapter 7
Business considerations for a successful ig program
Dr. Sandra J. Reeves
Copyright@Sandra J. Reeves 2018
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CHAPTER GOALS AND OBJECTIVES
What is the difference between structured and unstructured data?
What is the difference between unstructured and semi-structured information?
Why is unstructured data so challenging?
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Generally, what is full cost accounting (FCA)?
What are the 10 key factors that drive the total cost of ownership of unstructured data
How can we better manage information?
How would an IG enabled organization look different from one that is not IG enabled?
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Understanding the Changing Information Environment
Difficult to Justify
Short term return on investment is nonexistent
Long term view is essential
Reduce exposure to risk over time
Improve quality and security of information
Streamlining information retention
Looking at Information Costs differently
THE BUSINESS CASE FOR INFORMATION GOVERNANCE
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The information environment
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Challenges of Unstructured Information
Data volumes are growing
“Unstructured Information” is growing at a dramatic rate
Challenges unique to unstructured information
Horizontal nature
Lack of formality
Management location
Identification of ownership
Classification
Calculating Information Costs
Rising Storage Costs (Short sighted thinking)
Labor (particularly knowledge workers)
Overhead costs
Costs of e-discovery and litigation
Opportunity Costs
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FULL COST ACCOUNTING FOR INFORMATON
Models?
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Total Cost of Ownership (TCO) Model
Return on Investment Model (ROI)
Full Cost Accounting Model (FCA)
Past, Present, Future Costs
Direct Costs
Indirect Costs
Flexible Application
Triple Bottom Line Accounting – Monetary, Environment, Societal Costs
Full Cost Accounting
General and Administrative Costs
Productivity Gains and Losses
Legal and E-discovery costs
Indirect Costs
Up-Front Costs
Future Costs
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The politics involved
ITS ALL POLITICAL!
I’m Convinced!
Audience
Argument
Argument
Argument
Tools needed to establish facts about the information environment
Find Unstructured Information across enterprise
Combine Basic Metrics
Provide Sophisticated Analysis
FACTS
Use Dashboards
SOURCES OF Costs of owning unstructured information, cost reducers and cost enhanceRS
Copyright@Sandra J. Reeves 2018
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Outdated, Unenforced politics
Poorly defined information ownership and governance
Open loop, reactive e-discovery processes
Uncontrolled information responsibilities
Modernist, paper focused information rules
Ad hoc, unstructured business processes
Disconnected governance programs
Formal, communicated and enforced policies
Automated classification and organization
Defensible deletion and selection content migration
Data maps
Proactive, repeatable e-discovery procedures
Clear corporate governance
Managed and structured repositories
COST DRIVERS
COST REDUCERS
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KEY FACTORS DRIVING COSTS
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E-Discovery
Disposition
Classification and Organization
Digitization and Automation
Storage and Network Infrastructure
Information Search, Access, Collaboration
Migration
Policy Management and Compliance
Discovering and Structuring Business Processes
Knowledge Capture and Transfer
Giving unstructured information value
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Clean Information
Monetize
Build and Maintain
The ig enabled organization
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LEGAL
More Efficient Litigation
Information Privacy
Reduced Information Discovery Costs
RIM
Contributes to achievement of business objectives
Assist other business units achieve their goals
Reduces corrupted and duplicated data
Standardized Legal Hold Process
IT
Improved Legal Posturing
Reduces Legal Risks
Efficiently within the law
Better management decision making
Business records more easily identified
Contribution to Knowledge Management Program
Clean, accurate data
Promotes analytics in business intelligence
Improves communications with other business units
Improves database security
THE END