Every legally and financially serious records-related risk ties directly back to over-retention of records. Period. (Sorry it isn’t more complicated than that).

A recent survey reported that 62% of IT managers have additional spending for data storage and that volume would increase by at least 40% in a year.  At this rate, volumes and costs will be over five times higher in five years and 28 times higher in ten. Is this sustainable? Does this make any sense? (Rhetorical, of course).

The records, information, data, email management and e-discovery industries are driven by more data storage whether it’s in the customers’ best interests or not. (And it’s not).

Collect relevant statistics, benchmark them and apply best practices. In about 45 days, most companies are positioned to appropriately dispose of most of their electronic records, email and archive tape. What would that do to the data storage budget for the next few years? It would go down dramatically.

But more importantly, what would it do for your company’s legal and financial exposure? Correcting data and records volumes would eliminate nearly all those risks immediately.

See the survey here.