Large Corporations Still Behind on Data Governance

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Less than one-fourth of corporations in the Global 1000 can fulfill their data retention and disposal objectives, leading to wasteful spending, legal risks, and possible theft, according to findings in a new survey.

The report stated that 98 percent of companies rated defensible disposal and retention of data as a key governance objective, though currently only 22 percent of those companies can fully handle that task.

Primary obstacles cited in the survey were disconnects between agencies or departments dealing with data, and a massive and expensive legacy systems drag on content management costs.

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