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Information Governance

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In Information Governance

Legally Compliant Global Information Governance Program – Barriers and Benefits

by 3 Mins Read

It is becoming increasingly difficult for organizations to manage their data. On a global scale, it is estimated that data generated and copied annually will reach 44 zettabytes (or 44 trillion gigabytes) by 2020. An organization can effectively manage its rapidly increasing data by implementing a legally compliant information governance (IG) program. Legally compliant organizations minimze their risks and costs and maximize the value of their information. Optimally, organizations should assess their legal compliance issues,…

In Data Privacy

Big Data Analytics Will Most Significantly Impact Privacy Law in Coming Years, according to Survey of Privacy Professionals

by 3 Mins Read

As technology evolves at an ever-increasing pace, Baker &McKenzie LLP conducted a survey at the 2016 International Association of Privacy Professionals (IAPP) Privacy Symposium in Toronto from May 10-12, 2016 to explore privacy professionals’ views on the emerging technologies that will have the greatest impact on privacy law in the future. The Privacy Symposium is the largest annual privacy conference in Canada, and over 50 privacy professionals attending the conference completed the survey.Technologies with the…

In Information Governance

Key Updates to China’s Accounting Recordkeeping Requirements

by 3 Mins Read

China’s revised Measures on the Administration of Accounting Records came into effect on 1 January 2016 with a view to improving the administration of accounting records. Companies are encouraged to use information technology solutions to manage accounting records, and may keep electronic accounting records if certain conditions are satisfied that ensure the accuracy, reliability and completeness of the accounting records. Additionally, longer retention of certain accounting records is now required. Highlights of the new accounting…

In Information Governance

New EU Information Requirements Regarding Online Dispute Resolution for Online Retailers

by 4 Mins Read

Companies established in the European Union that offer goods or services online to consumers have to update their web and mobile site documentation to address new requirements pertaining to alternative dispute resolution. The new rules are fairly complex as they stem from an EU Regulation (which applies directly and immediately to companies in all EU Member States) and an EU Directive (which was supposed to have been implemented by July 9, 2015, but has not…

In Information Governance

Big Government Meets Big Data – A Trend?

by 3 Mins Read

As concerns about privacy and data breaches increase – the allure of big data remains untarnished. For those of you who may be unfamiliar with that term, big data refers to the practice of amassing as much data about a subject as possible and then mining that data for usable information. Many of our favourite online services regularly collect as much data as they can about us, and then scour this data for clues to…

In Information Governance

EU Digital Single Market – First Legislative Proposals Announced

by 5 Mins Read

On 9 December 2015 the European Commission announced the first set of legislative proposals as part of its Digital Single Market (DSM) Strategy. The proposals include:Portability The Commission has released its proposals for portability of content in the Community. The draft Regulation on ensuring the cross-border portability of online content services (‘the draft Regulation’) sets out that providers of AV content services must enable cross-border portability for their users. This will be important for content services and rights…

In Information Governance

iG360: The Future Way Forward for Information Governance

by 2 Mins Read

We live in a world where the amount of data is growing exponentially, and the technology around data is evolving at lighting speed. Legislators around the world recognize the critical nature of protecting information, whether it be personal or business, and increasingly, they turn to regulating as the immediate solution. The Future of ComplianceThe Financial Times (FT) recently recognized Baker & McKenzie’s iG360 platform as a “standout” innovative solution in the compliance and technology category in…

In Information Governance

German Federal Assembly (“Bundesrat”) Approves National Data Retention Act

by 3 Mins Read

On November 6, 2015, the German “Bundesrat” (the legislative body representing the 16 German states) approved a bill introducing a new national Data Retention Act (“DRA”). The bill had previously been approved by the German Parliament and now awaits the Federal President’s signature as a last step before it will likely enter into force before the end of 2015.What Does The DRA Prescribe?The DRA introduces data retention obligations for providers of publicly available telecommunications services…

In Information Governance

IG in Social Media Business – A $5 Billion Market By 2019

by 2 Mins Read

Social media is an essential tool for businesses to drive and retain business, build their brand, and establish their market presence. As consumers and businesses alike become increasingly mobile, the volume of information produced and consumed electronically, and the risk of keeping the information secure, both increase exponentially.Technavio—a global market research company—estimates that information governance (IG) in the social business market is growing at a compound annual growth rate (CAGR) of over 12% and will…

In Information Governance

Overcoming Information Overload: What CIOs Need To Know About IG

by 3 Mins Read

We live in a world of information overload. Rapid advances in technology allow for the quick creation and distribution of information. Consider the amount of time lost to managing email, where a large amount of information has no business value, but losing track of a single critical email can have serious consequences. Effectively finding and securing the right data can be a difficult task amidst this extraordinarily productive environment. To avoid data disaster, today’s Chief…

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