Robert Daniel: Data Disposition—Conquering the Seemingly Unscalable Mountain

Extract from Robert Daniel’s article “Data Disposition—Conquering the Seemingly Unscalable Mountain”

Are you spending money to store boxes of paper records while managing electronic data on servers that grow exponentially each year? An effective data disposition strategy can significantly reduce ongoing monthly costs and reduce long-term risk to your organization. While an easy statement to make it is not always an easy task to undertake and for many can be daunting to face.

Looking at the financial benefits, potential direct and indirect cost savings that could be achieved with a data disposition strategy include:

  • Direct savings of up to $50 per box, per month in storage costs. If you have 10,000 boxes in storage beyond record retention and no legal or compliance need to retain those records, you save $500,000 per month which amounts to a hefty $6 million per year. If you have 20,000 boxes you could save $12 million and so on. This is significant money going out the door.

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