What is Information Governance?
The Information Governance (IG) market can be defined as the market for goods and services designed to help organizations manage their information in accordance with externally or internally defined criteria. Although IG is most commonly associated with externally-mandated criteria (such as laws, regulations, etc.), it is equally important to recognize that internally-derived criteria (such as providing better customer service, faster time to market, etc.) also provide significant IG drivers.
IG is a relatively new term for which the precise meaning is still being shaped by the market and those that promote its use. However, it is clear that the term incorporates (in whole or in part) concepts from disciplines such as:
- Records Management
- Information Management
- IT Governance (such as COBIT and ITIL)
- Corporate Governance (such as COSO, SOX, PCAOB Standards)
- Information Security/Information Protection
- Enterprise search, portals, and knowledge management
- Enterprise content management
- Document management
- Business continuity, backup and disaster recovery
This is why IG is a multidisciplinary pursuit.