By: Sonny Zulhuda
Next week on 7th July 2015. Carlton Hotel, Singapore. The event’s name is Innoxcell Asia Symposium 2015 on Legal Risk, Compliance, e-Discovery, Financial Crime, Corporate Governance and Data Privacy.
I will be speaking on one compelling issue concerning the information governance, namely dark data management.
Techopedia defines “dark data” as “a type of unstructured, untagged and untapped data that is found in data repositories and has not been analyzed or processed. It is similar to big data but differs in how it is mostly neglected by business and IT administrators in terms of its value.”
Dark data is operational data that is not being used. Consulting and market research company Gartner Inc. describes dark data as “information assets that organizations collect, process and store in the course of their regular business activity, but generally fail to use for other purposes.” (Citation from TechTarget).
It was reported in Forbes that these class of data, similar to dark matter in physics, cannot be seen directly, yet it is the bulk of the organizational universe.
The background of this talk is the fact that the amount of operational information —both structured and unstructured— that companies create and store are drastically increasing due to digitisation and mobility. Dark data management emerged as another challenge for corporate information governance. Under the increasing pressure from new regulatory regime and consumer expectation, corporate data must be well managed if companies wish to survive in today’s information age.
In this session I will explore the nature of corporate information legal risks in the context the Big Data and offers insights on information governance to transform data from a liability into an asset.
For more on the event: Innoxcell Asia Symposium 2015 on Legal Risk, Compliance, e-Discovery, Financial Crime, Corporate Governance and Data Privacy. Will be speaking alongside prominent international speakers, who can be retrieved from here.