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The Future of Information Governance: A Look at Alfresco/Hyland’s Approach
Alfresco/Hyland, a leader in the field of information governance, is revolutionizing the way organizations manage and utilize their data. Their platform offers comprehensive cloud-native content services, including document management, intelligent process management, enterprise collaboration, and information governance.
Alfresco/Hyland’s approach to information governance is unique. It automates the information life cycle with minimal user intervention, thereby reducing business risk and strengthening compliance. This approach is particularly relevant in today’s data-driven world, where organizations are grappling with managing vast amounts of data across multiple repositories.
The importance of federated information governance, a concept central to Alfresco/Hyland’s approach, cannot be overstated. Federated governance strikes a balance between centralized management for enterprise-level rules and standards, and decentralized execution of these rules by domain teams. This approach ensures good governance while empowering domain teams and supporting collaborative working.
However, implementing federated information governance is not without its challenges. The dynamic, distributed, heterogeneous, and collaborative nature of client devices, the need for strict compliance with data privacy and protection laws, and the vulnerabilities at local client devices leading to data leakage are some of the issues that organizations face. Moreover, the siloed nature of content repositories makes it difficult to search across them and improve e-discovery. This is in addition to challenges such as the risks and pain of “big bang” migrations, difficulty in achieving user adoption for records management, and the need to stop the ROT (Redundant, Obsolete, and Trivial information).
Despite these challenges, the future of federated information governance technology looks promising. The market for data governance is expected to grow to over $5.2 billion by 2026. As organizations continue to recognize the value of data as a strategic asset, the demand for robust and efficient data governance solutions will only increase.
Alfresco/Hyland’s approach to information governance represents a significant step forward in the way organizations manage their data. By automating the information life cycle and implementing a federated governance model, they are helping organizations reduce risk, strengthen compliance, and make the most of their data. While challenges exist, the future of federated information governance technology is bright, with significant advancements expected in the coming years. The journey towards effective information governance may be complex, but the rewards – in terms of risk reduction, compliance, and data optimization – make it a journey worth undertaking.