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Taming the Beast

By Laurie Fischer and Heather Yanak
July 02, 2013

Ninety percent of information in existence today was created in the last two years and experts estimate that, currently, over 90% of corporate data is in a digital format. Data is currently being created at a rate of two million terabytes per year, and industry analysts surmise that number will explode to four million terabytes per day in the near future. See, “What Is Big Data?” IBM.com.

Corporate law departments acknowledge the need to manage and control this unabated and explosive growth of digital information, yet understand that the traditional approach will not work. In the past, the responsibility for creating and implementing an organization's records management program has typically fallen to the records manager, with support from the corporate law department for certain activities such as approving the company records retention schedule. Records management programs focused primarily on paper records management. Now, with information ever growing and primarily in digital format, most organizations acknowledge that a different approach needs to be taken.

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