2005 Information Management for Compliance Survey: Industry Report

2005 Information Management for Compliance Survey

Product Type: Market Research Report
Published by: IDC
Published: October 2005
Product Code: R104-24334

Description

This IDC study discusses the results of a survey conducted in May 2005 to determine the scope, maturity, and drivers of firms' records retention strategies and the role of technology to enforce retention. A sound information management for compliance program includes the development and documentation of corporate information policies, implemented through people, procedures, and technology. Policies related to how a firm manages its information and retains physical and electronic records in order to satisfy stakeholders is paramount to compliance with today's business regulations.

According to Laura DuBois, research director, IDC Storage Software, "While retention policy development and documentation are occurring at the enterprise level, the implementation and enforcement of policies are taking place on an application or divisional basis. Key focus areas for firms developing retention policies include messaging, database, and Web applications."

Table of Contents

Table of Contents
IDC Opinion
In This Study
Methodology
Figure: Vertical Industry Representation
Figure: Respondent Job Title
Figure: Involvement in Record Retention Strategy
Situation Overview
Executive Summary
Key Findings
Finding 1
Figure: Current Phase of Record Retention Policy Implementation
Figure: Current Phase of Record Retention Policy Implementation by Size of Firm
Finding 2
Figure: Systems with Formal, Documented Retention Policies
Figure: Systems with Formal, Documented Retention Policies by Size of Firm
Figure: Systems with Formal, Documented Retention Policies by Firm Ownership
Figure: Scope of Retention Policies
Finding 3
Figure: Influence of Drivers on Decision to Implement Retention Policies
Figure: Reliance on Third Parties for Developing Retention Policies
Finding 4
Figure: Retention of Information for Longer than Regulations Require
Finding 5
Figure: Level of Retention Policy Enforcement
Figure: Impact of Challenges to Retention Policy Enforcement
Finding 6
Figure: Use of Technology for Retention Policy Enforcement
Figure: Solutions in Use for Retention Policy Enforcement
Finding 7
Figure: Plans to Purchase Technology in the Next 12 Months for Retention Policy Enforcement
Figure: Solutions Intended for Use in the Next 12 Months for Retention Policy Enforcement
Finding 8
Figure: Regulation Driving Most Change to Retention Policy
Figure: Impact of Sarbanes-Oxley Act on Retention Policy
Future Outlook
Essential Guidance
Learn More
Related Research
Synopsis

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