Articles

Myths are paradoxical. They often start with a kernel of truth, and the most fertile ground in which a kernel sprouts and grows, is a field of confusion. The more complex a topic, the more likely it is that myths will spread vigorously like weeds. Case in point? Information governance.

The Australian government has assigned responsibility for a planned study into the costs and benefits of adopting electronic invoicing (e-invoicing) to the Australian Taxation Office. The move was welcomed by the Digital Business Council (Council) which is working to publish an e-invoicing Interoperability Framework on July 1, 2016.

There are many businesses and governments around the world that are embracing data as an asset. But what does this mean? Data is integral to understanding business operations and to support business planning. It is important that data is accessible, discoverable and managed by responsible and accountable members within an organisation.

The goal of many businesses for the past three decades has been to go paperless.  While this is a worthy and environmentally-sound objective, it is not one that has been successfully met by most businesses.  In fact, according to Coopers and Lybrand there are over four trillion paper documents in the U.S. alone and that number is growing at a rate of 22 percent, or about 880 billion paper documents a year.

May is Information Awareness Month, with the aim to increase awareness of the importance of information and how managing information assets across an entire organisation can better support your business outcomes. This year’s theme: Investing in Information Governance. Which leads us to the question: why should we invest in information governance?

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