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An extract from the article above:
Six Necessary Actions
Team Development: Develop a cross-functional team across your enterprise made up of people from different departments who will ensure that a retention management strategy is initiated across the entire enterprise.
Expand Content Criteria: Expand the content type that falls under your content retention policy. It is critical, the report says, to incorporate electronically stored information (ESI) under a company’s records management strategy.
Develop Retention Procedures: Develop an integrated data ‘hold’ policy across the entire enterprise.
Use Technology: Companies need to use technologies to automate eDiscovery and records management. Instead of simply throwing more bodies at this challenge, the report says, companies must work smarter, leveraging technology to automate retention classification and selected eDiscovery steps.
Choose Your Vendor Carefully: While companies may be happy with the platform they are currently using, they need to ask themselves whether it is capable of making them compliant with federal rules on compliance.
Repository Development: So you’ve managed to include all your content, electronic and otherwise into your records management strategy, but where are you going to keep those records. The report points out that for many companies a single repository is not really an option and that they should be looking at developing a cross-repository strategy along with their records management strategy.
Read the full story originally posted by Legal Tech Asia.