CGOC recently held an executive briefing in New York, which was hosted at the offices of Mayer Brown on July 23rd. The audience turnout was great and demand to attend was beyond capacity that we could accommodate. Managing information as an asset was the overarching theme for the day and was kicked off in the keynote session by John Biske, SVP, Enterprise Records Management at Fidelity. John has deep experience in the field and is currently driving the effort at Fidelity to get the organization to recognize information as a strategic asset and manage it for maximum benefit. That is, effective information management and governance will have a significant impact on both top and bottom line financial components for the organization. The value information governance delivers was highlighted by Sibito Morley, former CIO at NetJets, by improving the quality of information used in analytics, which many organizations are pursuing to improve decision making, competitiveness, and customer loyalty.
A lively presentation and discussion around the topic of BYOD (bring-your-own-device) and the issues/challenges that need to be considered, which was delivered by Anthony Diana, Partner at Mayer Brown and his colleague Theresa Craparo, Counselor, Mayer Brown. Based on the number of comments and questions from the audience this is definitely a hot topic and something organizations must get their arms around. BYOD is becoming a reality and it’s being driven by users rather than IT, which has the potential of creating legal and compliance problems. Information governance doesn’t need to be overly complicated to get started and Jason Federoff, Director of Records and Information Lifecycle Management at Comerica. He introduced a pragmatic approach they have taken with their IG program as well as how it was applied to their eMail systems.
Building an open and cohesive relationship between IG stakeholders is a critical step and the panel discussion between our speakers and the audience provided some great insights. The panel specifically talked to the importance of the relationship between legal and RIM. While legal is often focused externally on litigation there was strong agreement that working with RIM to be proactive in information governance is a benefit to both organizations. RIM can leverage the input from attorneys in developing the records plan and ensuring the appropriate legal and compliance requirements are considered to allow information to be disposed of in a defensible manner. Benefits accruing to legal include reduced cost of discovery as it has fewer data to deal with as well as confidence that the data available can be more easily targeted.
It was a great meeting and all of us at CGOC would like to say thank you to everyone in the audience for your participation, our lineup of speakers and to our sponsors, Mayer Brown and IBM. If you were unable to make this briefing, please keep a lookout as we are working to coordinate another session in the US in the Q4 time frame.
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