For many organizations, staying afloat in today’s complex legal and financial environment has become increasingly difficult.The amount of data that flows through companies has exploded while compliance measures have increased and deadlines for discovery have shortened. Current economic troubles can overburden IT and legal departments in several ways — not only are companies tightening their belts wherever possible, but increases in lawsuits, regulatory requests, and government investigations invariably accompany financial downturns.
In the current economic climate, organizations are more concerned than ever about the spiraling amount of electronic information generated. Many organizations have not properly developed retention policies, defined information architecture, or prepared methodologies for dealing with requests for specific information from larger data pools. The struggle to manage the exponential growth of electronic information is a major concern from a cost, management, and efficiency standpoint.
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This article was originally published in the April 2010 issue of BNA, Inc.