Why is Records and Information Management (RIM) important?
Records and information management has never been more critical to organisations than it is today. It does not matter what type of industry businesses are in, whether they are from the public or private sector or whether they have 10 or 10,000 employees. In todays, high tech, high stakes business environment, information and it’s management can play a central role in an organisation’s success – or downfall.
With the massive amount of information created on daily basis by each employee, the growth in the volume of data in electronic formats, and legal and regulatory requirements, managing corporate information has become serious business – with serious consequences for not doing it right.
With more information being created today than ever before, it is no easy task.
Organisations that fail when it comes to legal preservation can face serious consequences, including:
- Lost court cases
- Fines and penalties
- Court sanctions
- Exorbitant expenses for finding and retrieving information
- Criminal charges
- Damage to reputation or brand
