Managing information in digital universe

Managing information in digital universe
Propelled by the digitization of documents, pictures and videos, the digital universe is expanding exponentially and haphazardlySarv SarvananAmong the many things that this decade will be known for, perhaps the most unanticipated is the unprecedented explosion of the digital universe. The IDC 2008 report ‘The Diverse and Exploding Digital Universe‘ concluded that the amount of digital information produced by the world in the year 2011 will reach 1,800exabytes, or 10 times higher than that produced in 2006, 95 per cent of it being unstructured.
Propelled by the digitization of documents, pictures and videos, by individuals and organizations, the digital universe is expanding exponentially and haphazardly. The shift from physical to digital has also been accompanied by a parallel increase in the personal digital information footprint or ‘digital echo’.
Along with the huge volume of organizational data, the proliferation of groups of data by individuals, specific work groups, etc, also creates redundant and duplicate information repositories, adding to the confusion with huge cost implications as well.
Corporations will ultimately be responsible for the security, privacy, reliability, and compliance of over 85 per cent of all this information, despite the fact that over 75 per cent of it will be created by individuals.
For businesses competing in a competitive global economy, this is both a challenge and a priority – to effectively manage their greatest asset, information and capitalize on it. Organizational IT strategy going forward will increasingly have to center around comprehensive information management, built around an integrated information infrastructure and strong information governance protocols.
The broad challenges in information management are spread across managing information growth, managing risk, managing effectiveness and creating value from information.

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