Three-Legged Stool
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Transcript of Three-Legged Stool
Strategic and Economic Convergence:A Compellng Three-Legged Stool
“Information economics is the discipline of analyzing the production,
distribution and consumption of information, with the goal of increasing
the value derived from data while reducing the costs and risks associated
with managing it.” --IBM White Paper ‘Build the Business Case for Better
Information Economics’
Defensible Disposal(Big DataReduction)
Records Management
Privacy
The strategic necessity of implementing defensible disposal (and tackling Big Data) acquires renewed urgency under the stringent new EU privacy safeguards for Personally Identifiable Information (PII).
Thus the information economics and strategic benefits of all three domains are convergently aligned.
Currently, no consultancy group (that I am aware of) is exploiting this powerful three-legged alignment.
Reduced data storage propelled by more aggressive disposal in turn reduces potential liability for PII violations, leading to optimized records management.
In late 2013, The European Parliament
voted on and passed new legislative text
on a General Data Protection Regulation
(GDPR). The relatively swift passage of
the new regulation is part of what is being
called the “Snowden Effect”; i.e., a fierce
reaction to revelations about the United
States’ National Security Administration,
that captures among other things, personal
information related to European citizens.