You want one reason to get serious about information governance?
Here's one: your job.
Twenty percent of CIOs in regulated industries will lose their
jobs because they failed to successfully implement information
governance, according to a recent Gartner
press release summarizing a new report available
only to clients, "Predicts
2012: Information Governance and MDM Programs Gain
At least CIOs won't be alone: The same report foresees
enterprise legal officers also getting the boot for
failures, Information Management
It's simple, really: Regulatory fines and the risk of a sullied
reputation mean companies just can't allow data losses to go
unpunished, particularly if the data exposed belongs to customers,
the article notes. And, right or wrong, CIOs are in the cross-hairs
when governance fails and there are leaks.
In the past, there's been some question about
whether data governance is really an
executive-level issue. With predictions like this, you
can expect that to change.
Gartner certainly does.
"The recent global financial crisis has put information
governance in the spotlight," Ted Friedman, vice president and
distinguished analyst at Gartner, states. "Information governance
is a priority of IT and business leaders as a result of various
pressures, including regulatory compliance mandates and the urgent
need for improved decision-making."
You'll often see data governance discussed as a separate issue
from master data management, but clearly, they're related
initiatives, since MDM done right requires organizations to
document data ownership and resolve conflicts in the data.
But Gartner makes that relationship a little more clear,
describing MDM as "critical to achieving effective governance," and
adding, "Failure to manage information accurately has been the root
cause of several incidents, including the leak of sensitive
information to WikiLeaks, and can be fatal to the success of MDM
The Massachusetts-based research firm says MDM software revenue
increased to $1.9 billion this year - that's 21 percent over
current spending. But spending on governance and MDM will need to
reach five times its current level if these programs are going to
succeed, according to the news release.
Over the next four years, data governance will expand to include
quality, lifecycle management, security and privacy, Gartner says.
That means there will also need to be more enterprise-wide
involvement in governance.
But as MDM and governance spread, organizations will still
struggle to convince key business leaders of its importance. Only
33 percent of organizations will succeed in demonstrating the value
of information governance, Gartner says, largely because the
required changes to business processes won't be supported by the
For IT, that can mean only one thing: It's time to get serious about
selling MDM and governance as an enterprise-wide,
strategic initiative. And you'll need to sell it as if your job
depends on it, because if Gartner's right, it very well might.