Last week, Lindsay Duprey and I had the pleasure of attending our first CLOC (Corporate Legal Operations Consortium) Institute at the Bellagio in Las Vegas. What we discovered was a close community of international Legal Professionals sharing best practices from their in-house teams, and the operational initiatives that have transformed their organizations resulting in measurable gains in efficiencies for their legal departments.

Digital Data and the Need for an Information Governance Strategy

As many are likely aware, Organizational Data is growing exponentially at a rate of 40% or more year over year, and companies are playing catch up when it comes to gaining control over the growth and the implications it has on cost and risk for their business. Organizations have a great need to improve efficiency and a desire to implement process to mitigate risk that can be achieved by implementing a fully formed Information Governance strategy.

This ongoing need to manage and access data is creating cross departmental challenges:

• How does your organization solve for your inability to identify company information assets?

• How do you navigate your inability to decide on which records should be removed from the organization?

• How can you gain control over data that is no longer needed and is costing the company money?