Extract from Helen Geib’s article “Information Governance: Set Your Company Up for eDiscovery Success”
In its simplest formulation, information governance is the active management of business information to maximize value and minimize risk. An effective information governance strategy recognizes that these dual purposes may sometimes be in tension, and attempts to balance them in light of business needs.
Data has to be managed from end-to-end of the information lifecycle. Categorizing information when it’s created, placing appropriate restrictions on access and use, disposing of unneeded data and auditing for legal and regulatory compliance are typical initiatives. Business continuity planning and disaster recovery are two other critical components of good information governance.