Industry Trends – Records Management
Industry growth equals industry changes. One of the major changes in our industry is the increasing demand on records retention. With every business becoming more automated, the need to stay current with retentions schedules is important.
Did You Know…
• Recent government regulations, like Sarbanes-Oxley, require businesses to maintain and back up a larger variety of data; data they might have otherwise deleted.
• For legal reasons, many small businesses are now archiving e-mails dating five or more years.
• The frequency of viruses and spyware requires more vigilant backups- resulting in more need for increased storage capacity.
• Software applications are requiring more hard-drive space than ever before.
In managing the increased need for more storage space, the best solution is often a hybrid plan of multiple solutions. Hard copy records management with records retention schedules, back-up of electronic data, and imaging of critical workflow are just a few techniques to managing your information.
How is your business handling the increase for records and data retention?
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