Extract from Onna’s article “How to leverage the IGRM to save on eDiscovery”
Discovery is hugely expensive, mainly because many organizations collect whatever data is available rather than only the information that matters. Governing and retaining your data will decrease eDiscovery costs by culling down the data and providing you with access to your dispersed data sources. However, it’s a team effort, and you cannot have unified information governance within a siloed company.
The enterprise data landscape
The massive adoption of best-of-breed applications during the pandemic and the move to a hybrid work environment have dramatically driven data growth and complexity within enterprises. As a result, it has become more challenging to govern the sheer magnitude of data to meet legal and compliance obligations.
According to a recent study by the global market intelligence firm IDC, the Global DataSphere – how much new data is created, captured, replicated, and consumed each year – is projected to more than double between 2022 and 2026. In addition, the Enterprise DataSphere is expected to grow over twice as fast as the Consumer DataSphere during the same period, putting increasing pressure on enterprise organizations to manage and protect this data while creating ways to activate data for business efforts.
