Three-Legged Stool

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Strategic and Economic Convergence: A Compellng Three-Legged Stool “Information economics is the discipline of analyzing the production, distribution and consumption of information, with the goal of increasing the value derived from data while reducing the costs and risks associated with managing it.” --IBM White Paper ‘Build the Business Case for Better Information Economics’ Defensible Disposal (Big Data Reduction) Records Management Privacy The strategic necessity of implementing defensible disposal (and tackling Big Data) acquires renewed urgency under the stringent new EU privacy safeguards for Personally Identifiable Information (PII). Thus the information economics and strategic benefits of all three domains are convergently aligned. Currently, no consultancy group (that I am aware of) is exploiting this powerful three-legged alignment. Reduced data storage propelled by more aggressive disposal in turn reduces potential liability for PII violations, leading to optimized records management. In late 2013, The European Parliament voted on and passed new legislative text on a General Data Protection Regulation (GDPR). The relatively swift passage of the new regulation is part of what is being called the “Snowden Effect”; i.e., a fierce reaction to revelations about the United States’ National Security Administration, that captures among other things, personal information related to European citizens.

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Privacy, Records Management and Defensible Disposal are inextricably linked.

Transcript of Three-Legged Stool

Page 1: Three-Legged Stool

Strategic and Economic Convergence:A Compellng Three-Legged Stool

“Information economics is the discipline of analyzing the production,

distribution and consumption of information, with the goal of increasing

the value derived from data while reducing the costs and risks associated

with managing it.” --IBM White Paper ‘Build the Business Case for Better

Information Economics’

Defensible Disposal(Big DataReduction)

Records Management

Privacy

The strategic necessity of implementing defensible disposal (and tackling Big Data) acquires renewed urgency under the stringent new EU privacy safeguards for Personally Identifiable Information (PII).

Thus the information economics and strategic benefits of all three domains are convergently aligned.

Currently, no consultancy group (that I am aware of) is exploiting this powerful three-legged alignment.

Reduced data storage propelled by more aggressive disposal in turn reduces potential liability for PII violations, leading to optimized records management.

In late 2013, The European Parliament

voted on and passed new legislative text

on a General Data Protection Regulation

(GDPR). The relatively swift passage of

the new regulation is part of what is being

called the “Snowden Effect”; i.e., a fierce

reaction to revelations about the United

States’ National Security Administration,

that captures among other things, personal

information related to European citizens.