Understanding The Risks and Costs of Unmitigated Data

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By Soo Kang

Extract: All predictions point to the continued exponential growth of information as technologies evolve and the network connectivity of devices further enables the collection and exchange of data. Rather than managing the growth, businesses often rely on the ubiquity of storage options and decreased costs to influence decisions in favor of retention.

However, accessibility comes hand-in-hand with externals threats—hackers with no geographical limitations attacking networks to gain access and mine for information. Accordingly, having the ability to store should not be a go-ahead for the unmitigated accumulation of data because the financial impact can be significant and risks severe, as evidenced by the select examples below.

Lost productivity

Simply put, data is useless unless you can find it, and retention of unnecessary data is significantly increasing the proverbial haystack to sift through.