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Store Less, Spend Less: Managing Data According to its Economic Value
The discussion about the scale and cost of data is incomplete without an understanding that all data is aging and its value is invariably also declining. Spending the same amount to store all types and pieces of data — or any data which has no positive value to an organization — is clearly a drain on your valuable resources and time.
Taking a “information economics” approach, which requires the pragmatic management of data according to its changing value to an organization, can help you remove digital clutter from your environment and streamline data placement. Read on to learn more about the tools, strategies and resources that can help you implement “information economics” approach within your organization.