Importance of Information Governance

Question: Discuss about theImportance of Information Governance. Answer: Introduction: Information Governance is one of the most important aspects of the contemporary organizations and plays vital role in the successful accomplishment of the goal and objectives of the organization. It helps in carrying out the requisite business activities more sophisticatedly thus; provide additional advantages to the company, which help the organization in staying ahead of the arch rival of the company. Information Governance basically refers to the managing and controlling of information of an organization, it is the procedures, role along with the policies, standards as well as matrices, which secure effective as well as efficient usages of information in order to enable an organization for accomplishing its goal and objectives (Axelrod, Bayuk and Schutzer, 2009). The effective information Governance of an organization helps the management in making effective decision in favor of the organization. It helps in improving the accountability framework of the company so that it secures proper manner in the valuation, creation as well as storage of the information in order to using, archiving as well as deletion of the information. In this particular assignment, there are two articles on Information Governance will be analyzed and discussed in order to gain superior knowledge about the Information Governance. Analysis The Information Governance has been evolved through the years because of the advancement in the field of information technologies as well as the development of the internet is also evolved the Information Governance. The IT professionals have to be aware of the current development in the field of the information technologies and internet in order to match with the other contemporary organization. The information governance helps in improving the risk management system of the organization as well as it help in value creation for the organization (Ballard, 2016). It helps in improving the policies of the organizations as it provides accuracy and improves the effectiveness of the company; thus the management can take more efficient decision in order to improve the potentiality of the organization. As the importance of Information Governance within the contemporary organizations is improving in rapid basis thus, the managements of the business organizations provide utmost emphasis on dev eloping effective Information Governance strategies and policies for the organization, which help in achieving additional advantages as well as which keep the organization ahead of the arch rivals of the organization (Calder and Watkins, 2012). The analysis of the article Information governance beyond the buzz provides the concept of management of records and information knowledge management perspectives with providing the attempts for the identification with the identification of the critical aspects. It thereby provides essential elements with consequences regarding the challenges in regarding the corporate experience in regarding the global setup. This framework provides the appropriate importance with the creation of careful scope for the identification of the issues in the information governance. The framework helps in the creation of the values that creates the barriers for setting the corporate setup with the creation of the information life cycle management (Hagmann, 2016). The critical analysis of this paper also provides the reviews of the success with the identification of the challenges which helps in reviewing the proportions of the specific business functions. It thereby also helps in the creation of the reco rd management with constructing the probabilities and thereby the success becomes possible with mitigating the issues. The practical experiences are focused with providing the view and thereby it also helps in implementing IG programme (Sheridan, 2016). The record management in this article helps in the encouraging the members in the form of the exploratory research that becomes the kind of setting pitfalls for the organisation. This research paper also consists of the inspiration with the creation o raised needs of Information governance programme for the organisation. It thereby also helps in the creation of the community management with encouraging the needs in order to fulfil the records management of the community. The attempts are made with the creation of initiative for the implementation of the IT in the field of the information governance (Norfolk, 2011). The success is seemed to be possible with clearing the value propositions and thereby the specific business functions are performed and thereby the representation is required for the mitigation of issues. The biggest challenge becomes the fact with the consideration of the discipline and desired results. The consideration of the critical analysis helps in the successful corporate experience with the consideration of the global setup. The critical analysis of the article IG 101: What is Information Governance? provides the overview of the business industries regarding the implementation of the data and the information with the provision of the health care services. This article provides the overview of the specification of decision rights and the accountability framework in order to ensure the processes, roles and the policies with the standards and the metrics. The ensuring of the efficient use of the interest helps in the creation of the information with enabling the organisation to achieve the goals of the organisation (Hillard, 2011). This article provides the steps with keeping track on the missing audited records and also helps in acquiring the accuracy of the organisation. It thereby also helps in the consideration of the workflows with the system configurations and thereby the different values are seemed to be created with the creation of efficiency and effectiveness in the organisation. The information or the data governance is narrowly focused with the management of the usability, availability, integrity and security of the data employed and thereby it helps in providing the regulatory needs of the organisations (Warner, 2016). This article also provides the component of the business unit with thereby mitigating the crisis of the information with accessing the advanced gaps regarding the professional management of the data and the information. The information also seemed to be created in the form of the data and information and also helps in appropriate consideration of the management. Conclusion Information Governance provides significant competitive advantages to the organization by providing the requisite information, when required. Moreover, in the contemporary business scenario, right information is most essential for the company. Right information in right time improves the potentiality of the organization. The Information Governance; thus, contribute a huge contribution to the contemporary organization in order to achieve the competitive advantages. The Information Governance is responsible for the accountability framework within the organization and help in decision making process; it helps in taking appropriate decision about who can take decision in a specific situation as well as what would be most effective decision in a particular situation (Workman, Phelps and Gathegi, 2013). The goal of Information Governance is to ensure that the entire information resources support the organizational goal in order to help the organization to accomplish its strategic goal. The refore, Information Governance not only promotes effectual leadership in an organization it also improves the internal business environment and potentiality of the business organization. References Axelrod, C., Bayuk, J. and Schutzer, D. (2009).Enterprise information security and privacy. Boston: Artech House. Ballard, C. (2016). [online] Available at: https://www.redbooks.ibm.com/redbooks/pdfs/sg248165.pdf [Accessed 3 Sep. 2016]. Calder, A. and Watkins, S. (2012).IT governance. London: Kogan Page. Hagmann, J. (2016). Information governance beyond the buzz: Records Management Journal: Vol 23, No 3.Records Management Journal. [online] Available at: https://www.emeraldinsight.com/doi/pdfplus/10.1108/RMJ-04-2013-0008 [Accessed 3 Sep. 2016]. Hillard, R. (2011). The information-driven enterprise: managing the conflict between health processes and information governance.TJA, 61(3). Norfolk, D. (2011).IT governance. London: Thorogood. Sheridan, J. (2016). [online] Available at: https://www.standards.org.au/Documents/SA-Value-in-Governance-in-IT.pdf [Accessed 3 Sep. 2016]. Warner, D. (2016).IG 101: What is Information Governance? | Journal of AHIMA. [online] Journal of AHIMA. Available at: https://journal.ahima.org/2013/12/04/ig-101-what-is-information-governance/ [Accessed 3 Sep. 2016]. Workman, M., Phelps, D. and Gathegi, J. (2013).Information security for managers. Burlington, MA: Jones Bartlett Learning.