Executive Briefings

Like Herding Cats: Corralling Data During Reconstruction

Information governance isn't top of mind during most restructuring planning, but ignoring it can have devastating financial consequences.

For many companies, information governance is like herding cats when the herder doesn't know where the animals are located, can't tell cats from dogs, and isn't sure of the final destination.

Massive, disparate, and geographically distributed information stores, along with rapidly evolving regulations and years, if not decades, of neglect of IG best practices have put many organizations at risk of increasingly costly fines for compliance violations, huge e-discovery costs and penalties, and ever-increasing storage costs.

But if you think IG is tough at a typical enterprise, wait until you go through a corporate restructuring in today’s environment, when the risks are magnified, the challenges are stark, and IG failures frequently blow up both the budget and timeline set for the restructure, undercutting business goals.

Any form of corporate restructuring — change, merger, acquisition, divestiture, or bankruptcy — generates chaotic scenarios that are infinitely more challenging than typical IG.

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For many companies, information governance is like herding cats when the herder doesn't know where the animals are located, can't tell cats from dogs, and isn't sure of the final destination.

Massive, disparate, and geographically distributed information stores, along with rapidly evolving regulations and years, if not decades, of neglect of IG best practices have put many organizations at risk of increasingly costly fines for compliance violations, huge e-discovery costs and penalties, and ever-increasing storage costs.

But if you think IG is tough at a typical enterprise, wait until you go through a corporate restructuring in today’s environment, when the risks are magnified, the challenges are stark, and IG failures frequently blow up both the budget and timeline set for the restructure, undercutting business goals.

Any form of corporate restructuring — change, merger, acquisition, divestiture, or bankruptcy — generates chaotic scenarios that are infinitely more challenging than typical IG.

Read Full Article