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Information Analytics: Know What Is in Your E-Files To Save Millions and Manage Risk
Information Analytics: Know What Is in Your E-Files To Save Millions and Manage Risk
Is the information appropriate? Is it searchable? Does it comply with internal policies? What types of records are managed? What information needs to be retained and for how long?
Agenda
Questions
20%
Of respondents have more than 50 discovery cases a year for regulatory or legal issues. 13% deal with more than 120 cases per year. Do not have any legal hold procedures, and a further 9% have a hold policy for paper records but not for electronic records.
37%
36%
26%
In of organizations have undeleted records beyond their retention period have affected a court case, twice as often weakening it rather than strengthening it.
55%
Have a hold policy for electronic records, only 35% include all active electronic documents.
Part of our planning for information management in general Risk assessment against our compliance procedures Desire to reduce/rationalize our paper records storage Advice from an auditor or regulator Experience of a court case or investigation Because SharePoint provides some RM features as standard Other
Back-conversion of existing paper records Implementing records management in SharePoint Managing high-volume application-created records
Integration of multiple repositories
Implementing Manage-in-Place Managing social media content Moving to a SaaS or Cloud model Outsourcing email management
Outsourcing electronic records management
Feature
Proactive retention and disposition Version controls and document immutability Evidence/content hold and retention Evidence/ content tied to workflows and business processes
Benefit
Reduced information volume Accelerated time to decisions Unified information management Enables compliance, audit, and investigation security Reduced process cost and complexity
- SourceOne for File Systems - SourceOne Email Management - SourceOne for Microsoft SharePoint
Paragon is an enterprise information management solutions company that helps firms leverage information assets to achieve better business results.
Corporate Facts
National Coverage Global Clients NJ Headquarters Dual-shore Development CAGR 20+% Privately owned, 29-year history
LIFE SCIENCES
Paragon Solutions, Inc. Proprietary -9-
FINANCIAL
Can the organization comply with internal policies? What is the cost and risk of unmanaged content? Do we have an archive strategy for information? Can content without business value be safely deleted? What information needs to be retained and for how long?
Paragon Solutions, Inc. Proprietary - 11 -
Increase compliance identify unmanaged content not in alliance with your corporate records, legal or IT policies. Decrease legal costs data maps and ESI discovery, destroy legacy information past its value. Reduce length of time involved with discovery of responsive material. Manage Storage --Understand how storage is being utilized
Paragon Solutions, Inc. Proprietary - 12 -
IT Storage Compliance
Auditing
Litigation Costs
Information Technology
IT Storage utilization Email Management and Interrogations Decommissioning of Legacy systems Consolidate Repositories
Legal
Identify high risk information across your enterprise Litigation Analysis Early Case Assessment
Corporate Compliance
Enforce Corporate Compliance
IARs Methodology
1. Assessment & Awareness Assess current state business processes and information policies
Index content and gain intelligence as it is created, Build indexes (metadata & full text)
2. Analyze Business Rules Driven Analytics - Classify files based on meta-data, keyword content and pattern matching (Age, owner, location, file type, etc.) Business value, Legal, RM, security risk, intellectual property, PII, PCI 3. Reports
For example Data Mapping; Custodianship; Ownership; Risk; Corporate Policy, Social Security Number, PII
4. Action Policy based actions Consolidate, Archive, Dispose, Manage, Tag, Litigation Hold
Paragon Solutions, Inc. Proprietary - 14 -
Assessment
Consolidate Systems
Archiving
Analytics
While many organizations may feel their Records Management Program is robust when applied to paper records, those same organizations struggle with applying policies to electronic records and documents over file shares, document and collaboration management systems, or remote and office computers. The challenge is to quickly identify records, apply the right retention periods, and move those records into the system of record and under governance.
Graphical Charts of Non Compliance Risk Areas Strategy Plan for Information Governance (People, Process, Tech)
Key Benefits
Current State Understanding Gain insight into unmanaged content
Poll Question
Does your organization effectively manage unstructured data and disposition in according to stated policies?
1 High Confidence
2 Medium Confidence
3 Low Confidence
4 No Confidence
Programmatic Enforcement
Poll Question
Where is your organization most at risk with unmanaged information? 1 File Shares 2 Remote Laptops 3 Document Management Systems 4 3rd Party or Cloud Storage 5 All of the above
Litigation response plans enable the organization to communicate: Scope of a Litigation Hold and manage responses Identify and manage custodians Identify a data map of Electronically Stored Information (ESI) and repositories
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Ensures that both the collection and acquisition of data are done in a defensible manner Discovery Response Plan Reduces expenses and mitigates risk throughout the litigation support processes Aids the legal team in determining relevant custodians
Supports early case assessment through heightened knowledge of data volume and its location
Key Benefits
Repeatable, Defensible, Documented Process Early Case Assessment
Poll Question
Do you consider your organizations Litigation Hold and Litigation Readiness Processes effective at protecting the organization?
1 High confidence
2 Medium confidence
3 Low Confidence
4 No confidence
Legal
Privacy /Compliance
IT
Records Management
Questions?