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Iron Mountain Information Governance Advisory helps you minimize risks by managing the full data lifecycle.
As data multiplies, so do risks. Data security, regulatory compliance, and legal obligations are all risk factors, and the price of poor information governance can be steep. Data loss leads to lawsuits and reputational damage. Fines due to HIPAA, GDPR, CCPA, PCI-DSS, or other regulatory violations are significant. Failure to retain or produce legal documents on demand can expose an organization to adverse litigation outcomes.
Risks also arise from mergers, acquisitions, and divestitures. As corporate structure changes, critical information can fall through the cracks. The same is true when data must be migrated from old to new IT systems. And as an organization grows and its customer base and operations extend into new jurisdictions, risks are incurred when data must be retained and stored according to new rules.
Compounding these risks, many organizations have neither developed an information governance strategy nor implemented information governance technologies. As a result, they retain reams of redundant information, leading to high storage costs, but are unable to locate and retrieve documents when needed, exposing them to potential fines.
Despite these challenges, there’s good news: Iron Mountain, a recognized market leader, provides the services and technologies, such as Advisory Services and Iron Mountain Policy Center, that enable organizations to implement effective information governance. Iron Mountain delivers a competitive advantage in these ways:
Every information governance initiative should strive to achieve three goals: