The Beyond Blog

6 Ways Information Governance Uncovers Valuable Data

Information governance makes a positive contribution to businesses. Businesses can leverage information governance to create new income by using big data mining techniques to acquire valuable corporate data. The maximum value of big data is realized when the output of computing is efficient at creating new wealth. It is important to find meaningful data among a bulk of information. That way businesses can see the bottom line benefits of making the business case for big data governance.

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Big Data Drives ECM Market Boom

Enterprises are expanding at a rate of 30%-40% every year. As a result, it’s becoming ever more crucial for them to have effective and efficient solutions for document lifecycle management, compliance, and security. Their growth is contributing to a major upswing in the global enterprise content management (ECM) market, which researchers predict will grow between 15-20% by 2020. Let’s take a look at the four major contributors to the ECM market boom.

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The Dark Overlord

Last year, the biggest breach in healthcare occurred at the second largest insurer in the US-Anthem. The names, social security numbers, addresses, emails, employment info, and income data was stolen.

As of this week, there has been another data breach from an anonymous hacker who goes by the name of the darkoverlord. This hacker has breached 3 different healthcare databases ranging from 50,000 to 400,000 patients and is offering to sell patients’ medical records.

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Robo-advising, the New Steam Engine

With financial advisors charging hundreds by the hour for investment recommendations, a new, low-cost alternative has been invented. Robo-advising is here to replace traditional wealth management services. Big brands are looking to invest in robo-advising, an automated investment advisor based on algorithms. Robo-advising spans over a wide spectrum, from robo-advice, which pulls information on lifestyle, goals, risk profile and savings to recommend investments, to robo-investing, which refers to cases where algorithms select and a portfolio for the person. The sector for robo-advising and robo-investing is predicted to increase by 68% annually, which adds up to a whopping $2.2 trillion globally by 2020.

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Operational Agility Through Updates

FileTrail has positioned itself like Tesla in this regard. Our scripted and agile upgrade process allows the client to update their FileTrail software so easily that applying a patch or new release feels as smooth as butter. The process involves simply downloading a file to your server and logging into FileTrail. Because we have streamlined the process, our development team is able to respond immediately to new situations and problems.

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The New Silk Road

FileTrail has changed the face of records management in the same way Hyperloop One has revolutionized transportation FileTrail was started in 2000 out of the frustration of implementing Windows software that had to be installed on every desktop and big-stack software companies that made it difficult for their customers to select the best of breed. 

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Your Next Test Drive May Not Run on Gas or Batteries

WOULD YOU BUY A CAR WITHOUT DOING A TEST DRIVE?

FileTrail offers their own version of a test drive by providing a sandbox system.  The FileTrail Sandbox is an actual running system – not a demo – that is set up for your private experience.  The FileTrail Sandbox is currently available at no cost to AM Law 250 Law Firms, and can be available in as little as 24 hours.  Serious buyers can even test drive FileTrail in a sandbox pre-loaded with their data for a more realistic experience.

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Shared Drives are Big Investments

rom startups to giant enterprises, the quick and easy way to save and share information has always been with shared drives. From the floppy disk to portable thumb drive, employees would pass on information like documents and files, from one hand to another. Employees on a daily level won’t even think twice about their shared drives creating duplicates, or documents that aren’t version controlled, and how much storage space they’re using. However the question today is: How much are we paying for the convenience of shared drives?

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The Panama Papers 2.6 Terabyte Terror

Hacking can occur in a number of ways. If your organization is a target for a cyber hacking, there’s not much you can do to prevent it. See how the NSA, JP Morgan Chase, and Sony Entertainment couldn’t help but be victims to malicious targeted cyber hacks & data leaks. However, if you’re not a target with a big red market on your back, then it’s still better to be safe than sorry. Take precautions by improving your information security so that an accidental hacking doesn’t tear down your organization. Here are 3 easy benchmarks any organization can check off, to proactively combat a potential cyber hack.

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