Discussion

sri169025

ITS833Chapter1withRecording.pptx

Home >Computer Science homework help >Discussion

ITS 833 – INFORMATION GOVERNANCE

Chapter 1 – The Onslaught of Big Data and Information Governance Imperative

Dr. Omar Mohamed

CHAPTER GOALS AND OBJECTIVES

Define or identify what is meant by “Big Data”

What is the practical effects and problems associated with Big Data

Solution to the Big Data problem

Defining Information Governance (“IG”)

Why we do not incorporate IG into everyday business

Advantage of IG

Effects of not incorporating IG

General approach to implementing IG

What is “Big Data”?

It is a business asset capable of being leveraged.

“High-volume, high-velocity and high-variety information that demands cost-effective innovative forms of information processing for enhanced insight and decision making”

A combination of both structured and unstructured data that is so massive that it cannot be processed using today’s database tools and analytical software techniques.

What is the practical effect of “Big Data”?

Whether or not a business enterprise will be able to sustain a competitive advantage will depend on the business’ ability to manipulate the large amount of data in a way that it to differentiate itself.

Estimates are that 90% of the data existing today was created over the pat two years.

Big Data and related technology and services are projected to grow at a compound annual rate of approximately 27% - leading to new opportunities for data mining and business intelligence.

Issues Related to Big Data

Expense –Only about 25% of data stored has real business value, 5% more is required to be maintained for legal reasons, 1% retained due to litigation hold, leaving about 69% with no real value.

A great deal of irrelevant information

Increased storage costs

System failures

Legal costs

Conversion costs

SOLUTION TO BIG DATA PROBLEMS?

Information Governance

Rigid

Enforced

Creates a smaller “information footprint”

Allows business to more easily find what they need and derive business value from it

So…What is “Information Governance”?

It is discipline that emerged out of necessity…

Subset of corporate governance

Merged from records management, content management, information technology, data governance, information security, data privacy, risk management, litigation readiness, regulatory compliance, data preservation and business intelligence

It is the way by which an organization manages the totality of its information

A strategic framework composed of standards, processes, roles, and metrics that hold organizations and individuals accountable to create, organize, secure, maintain, use and dispose of information in ways that align with and contribute to the organizations goals. (Association of Records Management and Administrators)Glossary of Records and Information Management Terms, 4th Ed., 2012, TR 22-2012)

WHY INCORPORATE “IG”?

We can’t keep everything forever

We can’t throw everything away

E-discovery

Employees want it

It improves information delivery and improves productivity

It does not get easier to do over time

Legal requirements

Helps mitigate information management risk

E-mail

WHY DON’T WE INCORPORATE “IG”?

Cost

Lack of understanding

Lack of support from top

FAILURES OF INFORMATION GOVERNANCE?

Theft of valuable information

Inability to protect personal, private information

Breaches in legal requirements

Loss of trade secrets

Public reputation damage

Approaches to Implementing IG

Form proper IG policies first

Review existing policy…if any

Implement an awareness policy

Develop an approach

Project approach vs. Strategic program

Identify governance body or steering committee

Apply appropriate technologies for enforcement

Thank You