DIGITAL TRANSFORMATION AND
INFORMATION LIFECYCLE MANAGEMENT:
A WINNING COMBINATION
Information lifecycle management (ILM) is a precursor to successful digital transformation (DX), according to recent Frost & Sullivan research. The study had three objectives:
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to determine the maturity and readiness of ILM within organizations
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to determine the general state of DX within organizations
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to understand the relationship between ILM and DX capabilities
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92%
of organizations agree that an ILM strategy must be in place to achieve expected outcomes of DX.
ILM Maturity Within Organizations
Mature ILM organizations have fully adopted the most important information management capabilities, including some of the following processes:
Automated retention rules management
Secure destruction of records and data
Digitization and conversion of content when required
Integrated workflow and business process management
STATE OF DIGITAL TRANSFORMATION ADOPTION
Relationship Between DX and ILM Capabilities
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80% of high ILM organizations are early adopters of DX technologies
99% - 100% of high ILM organizations are more able to overcome DX challenges.
1 out of 3 high ILM organizations drive better business outcomes through data insights
Closing the Gap
For organizations not yet at the mature level:
1) Review the elements that comprise ILM and rank them in order of priority for your organization. Also rank them in order of "low hanging fruit" - then mobilize for change!
2) If you are aware of DX activities - get involved, even if there isn't yet a programmatic way to do so.