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Is it time for a more modern records retention schedule?

Mark Diamond (markdiamond@contoural.com) is the Founder of Contoural, Inc., in Los Altos, CA.

Today organizations are inundated with paper and electronic information, with emails and other types of data that are overwhelming data storage systems. At the same time, the legal and regulatory recordkeeping environment is becoming stricter, and both global and regional privacy requirements are mounting. Most organizations today have records management policies and processes to govern document and data retention and disposition, but in many cases, these policies are poorly applied to electronic information. This compliance gap between policies and records implementation is driving compliance risks and increasing costs. It’s time to rethink the traditional records retention policy and schedule and create a more modern, compliant, and easier-to-execute policy.

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