In conjunction with its Information Governance Council meeting, IBM has announced new data protection software, a line of consulting services and resources and previewed information monitoring software to help organisations expand their use of trusted information to improve decision making.
Today, the most critical asset to any organisation is its business information. Organisations are struggling to use huge volumes of information for better business outcomes. At the same time, the number of high profile examples of data mismanagement is growing, making the need for proper oversight and use of information key to success.
A recent study from the IBM Institute for Business Value found having superior data governance is critical to the success for top performing companies. By a factor of three to one, the study found that top performers were much more sophisticated in their approach to governing organisational information relative to lower performing companies (42% versus 14%).
To help organisations address information governance – the processes and policies by which a company oversees access and use of their information – IBM is unveiling IBM Optim Data Redaction and a technology preview programme for IBM InfoSphere Business Information Monitor.
Based on work from IBM Research and technology gained during the acquisition of Guardium, InfoSphere Business Monitor tracks the quality and flow of an organisation’s information and provides real-time alerts of potential flaws. For example, if a health insurance company was analysing profit margins across different product lines (individual, group, HMO, Medicare, etc.), decision makers would immediately be alerted when a data feed from a specific geography was not successfully integrated.
Also based on work from IBM Research, Optim Data Redaction protects an organisation’s information by automatically recognising and removing sensitive content from documents and forms. For example, a customer’s credit scores in a loan document could be hidden from an office clerk, while still being visible to a loan officer.
“Information governance has traditionally been perceived as a necessary task that focuses on financial, compliance and regulatory issues,” says Arvind Krishna, GM of IBM Information Management. “IBM’s information governance strategy combines new software and services with the building blocks companies already have in place to make governance an enterprise wide topic that drives significant growth.”
As information flows through an organisation, there are many points at which disruptions in quality, protection and management can occur. Information governance provides the framework to ensure that information can be trusted and creates a solid foundation upon which other technologies can be based.