Unstructured data accounts for approximately 80% of entire companies' data, yet it is often overlooked and poorly managed. This can lead to a number of challenges, including operational inefficiencies, loss of time, uncontrolled storage growth, and significant financial impacts.
To address these challenges, organizations must prioritize the establishment of a dedicated information management team and implement comprehensive data management strategies. By doing so, they can streamline data storage, ensure compliance, enhance knowledge sharing, and mitigate risks, ultimately leading to improved efficiency, reduced costs, and strengthened data-driven decision-making capabilities.
In addition to the obvious costs associated with storing and managing unstructured data, there are also a number of indirect costs, such as:
Unmanaged information can also generate and increase corporate risks, such as:
By taking steps to manage unstructured data effectively, organizations can reap a number of benefits, including:
Download the full paper to learn more about the specific challenges of information management, the actions organizations can take to address them, and the ROI of investing in information management.
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