Moving to the cloud is a key tactical step enterprises are taking today in their digital transformation journey.
It is even more strategic when the move to the cloud is mapped out as part of an Information Governance implementation plan, whereby the benefits, risks and controls are clearly established and aligned with an organization’s corporate objectives.
Today's progressive enterprises should have a cloud strategy that includes an Information Governance Assessment, which takes into account retention, security classification, protection of personally identifiable information and other private information, particularly for enterprises in the life sciences, healthcare, financial services and insurance industries where privacy risks and compliance demands are great.
Why an Information Governance Assessment?
- An information governance assessment includes definition, identification, mitigation, assurance and implementation activities, all prioritized to address organization-specific information governance gaps.
- An information governance assessment approach is ideal for enterprises evaluating goint to the cloud or deploying a cloud solution.
- An information governance assessment is easily applied to the task of evaluating cloud services as a part of an end-to-end review, building a roadmap for embarking on an enterprise journey to the cloud.
- To build an information governance roadmap - a progressive framework for compliant and secure data management – attention must be focused at the enterprise level first, with information governance top of mind.
Here are four reasons an information governance roadmap is worth creating when moving to the cloud is on the corporate agenda.
#1: You must protect your assets!
Information assets, records and data, have recently become the most valuable corporate asset. Information governance is a framework, a set of processes and procedures, bound by policy and with clear ownership and accountability, designed to ensure that essential corporate data and record assets are properly created maintained, managed and destroyed throughout the enterprise. Information governance is seen by many cross-market information management experts as the most vital component in enterprise digital transformation as businesses scramble to become data-driven organizations in today's global economy.
#2: Digital disruption is here – are you ready?
Currently, more and more enterprises have begun to experience digital disruption and are thus undergoing transformational changes to meet the increasing demands of information alchemy or harvesting knowledge for innovation and continuous improvement, resource management, human resources, operational accountability, customer engagement and more.
There is an increasing focus on digitally transforming business operations such adoption of team collaboration systems, workplace social platforms, advanced conferencing and unified communications and other collaboration capabilities. An information governance framework is critical to succeed in grappling and championing digital disruption and taking information to its next level, contextualized information, or knowledge.
#3: You want to be competitive, right?
Not only is information alchemy driving internal process changes it is driving disruption in external processes as well. Trends such as consumerization in the workplace and the drive to monetize data assets demand that the customer data being collected and managed is also being contextualized to knowledge as well.
For this to occur and enable successful disruption, calculated and coordinated information governance practices are the clearest pathway to data management superiority for competitive organizations. Specifically, this level of data maturity comes from a concerted, holistic approach to data classification, retention, taxonomy, security and privacy. Once a managed information framework is developed and governed, metrics as well as more intensive data analysis, the kind of business intelligence that is truly transformative and disruptive is possible.
#4: Prepare for tomorrow’s challenge: Mobility!
Organizations are preparing for mobility, namely the freedom or ability for customers to shop and employees to work where they want, whenever they want. It includes a need for tremendous enterprise flexibility in hiring talent and securing business deals around the world. Success in mobility means implementation of more advanced workflow and data integration across platforms and devices, whether corporate or personal.
A move to the cloud is an enabling solution and a key step for this transition.
The demands of the digital enterprise as a mobile entity are substantial so while each of the steps along the digital transformation journey is important, the information governance building blocks across people, processes and technologies, will all be needed to facilitate this transformation in a way that overcomes risks and delivers value to internal and external customers alike.