With the arrival of Global Information Governance Day, it is a good time for corporations to take a hard look at the governance of their long-term digital records – or regret it in years to come.

With technology refreshing at increasingly faster rates, digital records that need to be retained for more than 10 years -- or are already older than 10 years -- are at risk of not being findable, readable or useable when required. This can have dire consequences -- from substantial fines, to reputational loss, to an inability to reuse knowledge for competitive advantage.

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