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IT Dream Team on Data Management

By Dennis McCafferty on 2010-05-10


The amount of information in the enterprise is growing rapidly—and IT needs to ensure that companies are making the best use of it. That's the message from an EMC Corp-produced report based on a "Dream Team" of star CIOs and IT leaders from JPMorgan Chase, Fidelity, Bank of America, Wharton School, ESPN and other top organizations.

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1.8 zettabytes of digital information that will be created by 2011, according to IDC/EMC.

1.8 zettabytes is 129 million times more information than in all the books listed in the Library of Congress.

18 months:

time it takes for all the information in the digital universe to double.

$32.1 billion

Amount companies are spending on corporate governance, risk management, compliance.

85% of unstructured information within an organization goes unmanaged—with no policies to retain, protect or handle it.

38% of organizations have a formal, enterprise-wide information governance strategy in place.

68% of those surveyed believe information governance will grow more complex over next three years.

80% of business leaders make major decisions with missing, untrusted information.

Dream Team recommendation:

enterprises need a Chief Information Architect to maximize value and re-use of information via long-term planning.

Dream Team recommendation:

Better policy to define and institute how enterprise-wide information is kept, shared, used.

Dream Team recommendation:

Be inclusive, solicit input from legal, audit, finance and other key business units.

Dream Team Credo:

The "Three Cs" of Success are Communication, Collaboration, Convergence

Dream Team recommendation:

Elevate information architecture over tech architecture.

Dream Team recommendation:

Don't fine-tune data for specific apps, align it with solutions to maximize info value through access, re-use.

Dream Team Maxim:

Keep It Simple

Solutions should value ease-of-use over feature overload.

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