Information Economics: Making the Case for a Modern Retention Schedule

Let’s assume you are convinced by my recent ISACA Journal article to create a modern, transparent and executable retention schedule that is based on COBIT principles and meets the needs of your information stakeholders. The next step is convincing the rest of your executive team. To build a strong case, many organizations focus on improving their overall information economics. Think of it this way… By “economics,” we typically mean analyzing the production, distribution and consumption of goods and services. Information economics, then, is analyzing the production, distribution and consumption of information to ensure that the value derived from it is greater than the total cost of producing, distributing and consuming it.

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Source: isaca.org