Companies face a doubling of data they produce every 18-24 months. Legal cases that produce a terabyte of data (56 million pages) are common.
- IT Departments: Data and records management has become a key function for all companies.
- Attorneys: Companies expect their legal counsel to understand their IT and data management systems.
- Courts: Judges tend to be more lenient with companies that have data management programs in place and follow them.
- Committee: A committee should be formed to develop the data management system and include in-house counsel, IT department, business unit leaders, and records management personnel.
Proactive Discovery
- Preservation activity helps prevent destruction of documents and data when required.
- Companies need clearly articulated records management policies and procedures.
- Programs must address e-discovery — collection, sorting, management, and storage.
- Increasing data requires more data storage and processing capacity.
- Mutinational companies may face a multiple of data if business is conducted in multiple languages.
- The European Union has strict privacy rules limited what can be transmitted across borders.
- Concept analytics, keyword searches, and folder analysis are getting better.
- “Smart” system technology is still in its infancy, but it is promising.
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