Costly Data Retention Mistakes

The results are in. When the amount of data volume businesses are managing is growing exponentially, their plan to manage the data is nonexistent as 86% of enterprises surveyed felt a plan was important, yet only 46% had one, according to Symantec’s just released 2010 Information Management Health Check Survey.

What does that mean to the average business owner? You are saving all of your information, using your resources to store your data infinitely, spending your resources on storage, backup and discovery processes.

You aren’t sure what you really need to save for legal purposes and it makes up 75% of what you are retaining in infinite backup storage. The other 25% is data that you believe is not needed for business or should not be kept in a backup. Yet 25% of your resources are being devoted to that data.

The main reason cited by IT administrators for not having a data retention plan?

• 41% - don't see a need for a plan
• 30% - no one is assigned the responsibility
• 29% - cost

A better idea? A data management plan. Implement policies where you can confidently delete data and records and archive data offline or near offline. It should include a data loss prevention technologies to reduce your risk to data loss due to data breaches, monitor compliancy, and protect your intellectual property.

If you need help in developing your data management plan, Datamax can help you. We’re in the unique position of offering both network services and document management solutions in one resource. We offer assessments for your technology and to discover your risks and vulnerabilities.

Give us a call at 800.325.9299 or click here and we can start to work on your data management and retention plan today.