December - 2016 - Special issue > CXO Insights
Information Governance - A CIO's Go-To Advisory
Anshuman Singh, Director, Product Management of Application Security, Barracuda Networks
In the current days and times information is the life force for the survival of an organization. Unprecedented growth in business-critical data is pushing the envelope on data management. Expanding global, round-the-clock operations call for higher availability of statistics and these increasingly important and dispersed records must be processed to yield business critical information. As organizations march towards exploiting information-driven digital opportunities, information security and protection within budgets are now topping the priority list of CIO's
However, these enterprises fail to take notice of a primary issue which is poor quality of data along with data governance problems, which are beginning to go worse by the day. Gartner estimates that poor quality of data is costing an average organization $13.5 million per year. This dismal prognosis is based on reasons such as data not being managed and defined as an asset consistently across an organization.
The race to drive competitive advantage and improved efficiency through better use of information assets is leading to a sharp rise in the number of chief information officers (CIOs). Gartner predicts that 90 percent of large companies will have a CIO role by the end of 2019. According to a recent Association for Information and Image Management report, organizations are also turning to tools such as content analytics for process automation, information governance, contextual search or business insight, and to help address risks such as security breaches, sensitive or offensive content, and compliance issues.
That means information has to be analyzed and valued so it can be effectively and efficiently protected and secured based on information governance policy.
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