6 Benefits of Information Governance Consulting

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6 Benefits of Information Governance Consulting

• Contoural Inc

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• The growth of businesses results in the growth of
  data. This data is valuable, and must be saved.
  The enormous amount of data records lead to data
  security risks and compliance issues. Gemtalo, a
  digital security company revealed that only in
  2017 the security of 1.9 billion records was
  compromised, due to mis-configured databases.
  Data loss hampers the companies audit process.
  The recovery of lost data is time-consuming as
  well as risky for the security of the available
  data. Therefore, it is critically important to
  hire professional organization for information
  governance (IG) consulting, and development of IG
  practices. Consulting a professional information
  governance organization saves your business
  valuable time and allays security risks. In this
  article, we have discussed 6 benefits of
  consulting an IG organization for information
  management.

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Prevents data breaches

• The worst thing that can happen to any business
  is data breach. Other than penalties, fines and
  legal confrontation, data breach shatters the
  trust of existing customers and prevents
  potential buyers from trusting that organization.
  In 2017, falling of private information into the
  wrong hands costed 3.62 million on average.
  Another downside of data breach is that the
  business value is lowered by 21 percent.
  Information Governance consulting appears as an
  expensive way to manage data, but its benefits
  prevail over the financial implications.

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Help in performing successful audits and avoid
fines

• Compromised security of the records can get a
  business into trouble. In medical organizations
  and internationally run businesses, strict
  security standards are to be maintained to keep
  up with the EUs General Data Protection
  Regulation (GDPR). Violating these regulations
  and absence of an audit can cost you heavy fines,
  legal defense fees, bad public business-image and
  halting of business operations. Information
  governance consulting keeps you informed and
  updated with these guidelines and regulations so
  that the business remains compliant to the
  implemented policies.

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Manages and Maintains data Effectively

• The amount of digital data being produced in
  todays digital environment is enormous. From
  producing quintillion bytes per day, it is
  estimated to jump to zettabytes (1,000 bytes to
  the power of seven) by 2025. As businesses are
  producing copious amount of data on daily basis,
  which keeps growing with every passing day, you
  need to keep pace with data management for this
  ever growing data- for company compliance and for
  managing your employees and customers. Piled up
  data will become massively difficult to handle in
  the future. Data management and information
  governance consulting filters a true record,
  which helps in reducing stored data heaps and the
  amount of infrastructure required to manage it.

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Become paperless with Efficient

• If you are planning to digitalize your business
  completely or partially, you need thorough
  planning for managing digital data. Your
  employees should be able to access any required
  data with data governance consulting once the
  information has been catalogued. Digital
  cataloging system makes your business more
  efficient, by saving your companys valuable
  resources, e.g time and money. With professional
  information governance consulting, you can get an
  effective and efficient plan for digitizing paper
  records.

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Better Departmental Communication

• With a defined and codified information
  governance policy, all your data managing
  employees will know what action to take in a
  specific situation. In an event of calamity,
  merger and acquisition, or loss of data,
  professional information governance consulting
  ensures successful communication across all
  departments. You can keep all your employees, new
  and seasoned, abreast of all implemented
  procedures. A consistent data management system
  guarantees methodical approaches to common
  practices such as Email File Deletion strategy.

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Reduces Costs in Storing and Locating information

• Efficiency reduces offset costs. With an
  efficient data governance and management system,
  you can bring down the costs which are incurred
  in an event of disaster. Aside from this, data
  governance organization ensures that all
  procedures efficient right from the beginning. An
  information governance consultant knows your
  business needs and storage required for it. IG
  organization develops information governance
  system based on this information. From
  identifying secure destruction procedures to
  picking an ideal digital storage system, they
  take all measures to make your business more
  efficient. Above all this, they build a legally
  defensible program based on rules and regulatory
  bodies that govern your organization.

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Conclusion

• You can enhance your businesss performance,
  reliability and compliance with the help of
  professional data governance consulting. A
  professional IG organization should assist a
  business in laying out the plan for strategies to
  implement in an organization for enhancing its
  efficiency. Robust information governance
  consulting like Contoural provides expertise for
  customers design.
• Contoural Strategic Information Governance
  consultants help implements up-to-date and
  legally defensible information governance
  programs. You can make your business versatile,
  agile and responsive by scalable IG programs. The
  data governance solutions are scalable,
  horizontally and vertically, to accommodate
  business size and customer growth.

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THANK YOU