Gartner senior vice president Peter Sondergaard, in his keynote speech at the recent Gartner Symposium/IT Expo, coined the term “The Digital Industrial Economy”. This phrase describes the idea that all companies are technology companies. Information is the world’s new currency. How an organization manages its information assets is as fundamental a source of competitive differentiation as how it manages its other assets.
Unfortunately, organizations are buried in content and information. The volume of data stored on file, email, and database servers is multiplying exponentially. This makes it difficult for anyone to find anything. To make matters worse, data is not just stored on the organization’s server – content is increasingly showing up in SaaS applications that are beyond the reach of traditional information governance frameworks. Content and information is appearing from all directions and in constantly changing forms.
Managing this information turmoil will be THE business challenge of the next decade. Organizations will be forced to embrace Information Governance or wither on the vine.