iXP and Stevens Strategy partner to bring Information Governance and e-Discovery Readiness to the Campus

Considering revisiting your Business Continuity Plan? Thinking of implementing an institution-wide Content Management system? Is your institution's legal team settling lawsuits because it is less costly than going through with the litigation process? If you answer "yes" to any one of these questions, you owe it to your institution to include a critical tool in today's risk reduction arsenal - Information Governance and e-Discovery Readiness.

Information is flowing more freely today than ever before. In the academic world that's good, right? Universities exist for sharing knowledge. How can we ever forget the mantra drilled into our heads for years - Information is Power? The stacks of books in American university libraries proudly display works that are generations, even centuries old. So why wouldn't universities apply the same retention to the digital records of today as they do to the stacks of yesteryear? Why would anyone EVER think of destroying this information?

The truth is that many new risks and vulnerabilities exist as a result of today's digital communications and uncontrolled information growth. They can cost an institution millions of dollars in unnecessary litigation and settlement costs. This can expose an institution to new financial liabilities, including massive new e-Discovery processing costs, potential court imposed sanctions for improper information handling, increased insurance premiums as a result of recurring excessive legal costs, and unnecessary case settlements which minimize the legal process and compromise an institution's reputation.

Did you know the costs for processing and preparing Electronically Stored Information (ESI) for litigation has now surpassed $18k per GB? How many GBs are on your laptop or even your Smartphone, let alone in your institutions data centers on multiple file servers, web servers, application servers, email servers, Blackberry servers, on desktops, laptops, iPads, or cloud partner data centers, home computers, misc. end user cloud storage, portable storage devices, the list goes on and on. Do you even know where all your ESI resides?

Is the strategy for managing the information flowing through your institution's networks coordinated and inclusive of the needs of your institution's administrators, legal team, information technology team, records managers, academic leaders, and various business teams? Is your institution internal culture evolving with the times or standing still while trying to compete in today's economy?

Today's information explosion provides great opportunities and freedoms, but be sure your future initiatives include an Information Governance and e-Discovery Readiness Program to ensure your protection. iXP has partnered with Stevens Strategy, a strategic management consulting services firm for colleges and universities.

To learn more about the iXP Information Goverance and e-Discovery Readiness Program or click here or contact Anthony Ritter at aritter@ixpcorp.com or 609-409-7480.

To learn more about our partners at Stevens Strategy click here.