Why Do You Need Information Governance?

Sep 11, 2018 Robert McMullan Technology 0

In this Age of Information, there has been an explosive growth of information in the last few decades. The number of data sources, the amount of data, and the routes through which data travel, and the uses of data, etc. have all seen a big surge. Just take employee time tracking software for example – there’s so much data that this system can now collect, such as time on tasks, attendance, overtime, project duration, productivity, and you can click here to see even more time tracking data examples.

This has resulted in the creation of new industries to define, process, access, collect, process, and curate information. It is for these and many more reasons that the importance of Information Governance has grown to exponential heights in the last few years.

What Is Information Governance?

Information Governance can be defined as the requirements of rights and responsibilities to permit desired function of varying informational aspects such as creation, storage, use, reuse, valuation, archiving, and modifications. Information Governance includes policies, purposes, processes, and standards that help an organization to attain its predefined objectives through unbiased feedback, software, and tools such as Adlib reviews.

Data Governance Versus Information Governance

Information Governance emphasizes on topics such as what constitutes appropriate and inappropriate data use by partners, vendors, employees, etc. It also focuses on the value of data kept, either for compliance purposes or directly to the business. It is also used to understand how the information is classified and curated to facilitate its use. Information Governance is also focused on who can access the data and under what all circumstances and the kind of policies that are in place to acquire, retain, store, and purge information.

Data Governance, on the other hand, emphasizes on data management such as how is data collected, what data does an organization have, and ways to secure it. It also emphasizes on how the data is collected and moved between systems by the organization and the different ways to ensure data integrity once it is collected.

In short, data governance is a comprehensive process from the waste resources to get in and information governance refers to the decisions that are made in using that data.