An information governance gap among global corporation is causing operational problems, says research from the Economist Intelligence Unit (EIU).
The EMC-sponsored report called The Future of Information Governance urges organisations' senior leadership to accelerate implementation of company-wide information governance programmes that can help increase the strategic value of information throughout its lifecycle, while minimising costs and risks.
The research is based on an EIU survey of senior executives from leading companies around the world about the benefits, challenges and risks associated with developing an enterprise-wide information governance strategy.
The research found that 77% of respondents expect information governance to be important to their company's success through to 2011, whilst 68% also expect the complexity of their company's information governance issues to grow during that same time period.
But nearly two-thirds (62%) of respondents said their companies had no formal information governance programme in place, a concerning trend that may leave many corporations unprepared for new compliance mandates and open to preventable risks to sensitive information.
"Even though the standards for good governance are rising, we find that much of today's focus around corporate governance leaves information out of the discussion," said Frank Hauck, EMC executive vice-president for global marketing and customer quality.