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The Hidden Costs of Data Hoarding - What Every Tech Leader Needs to Know
Manage episode 485963002 series 2905184
In today's digital landscape, organisations are drowning in data while simultaneously being held accountable for how they manage it. The latest episode of the Inspiring Tech Leaders podcast tackles this critical challenge head-on, exploring the complexities of data retention, archiving, and purging.
Did you know the global datasphere is expected to reach 175 zettabytes this year? This exponential growth is forcing organisations to shift from a "keep everything forever" mentality to strategic data governance throughout the information lifecycle.
What struck me most was the hidden cost of data hoarding. Beyond the obvious storage expenses, excessive data creates security vulnerabilities, slows systems, complicates e-discovery processes, and can actually increase compliance risks. This podcast episode offers practical guidance on implementing effective archiving and purging strategies to mitigate these issues.
For those struggling with unstructured data (which typically accounts for 80-90% of all organisational data), the episode explores powerful tools like Microsoft Purview, Strac, BigID, and others that can help discover, classify, and manage this information at scale.
The future of data management clearly lies in AI-powered automation, evolving privacy regulations, cloud-based solutions, and sophisticated approaches to cross-border data governance. Organisations that master these elements will not only ensure compliance but also reduce costs and extract more value from their information assets.
This episode is essential listening for CIOs, compliance officers, data protection specialists, and anyone responsible for organisational data strategy.
What data management challenges is your organisation facing? I'd love to hear your thoughts in the comments.
Listen Again – How to Navigate the First 100 Days in a Technology Leadership role. I breakdown the essentials every tech leader needs to know for a successful start. This is your playbook to navigate a high-impact first 100 days as a tech leader. Tune in, take notes, and start leading with purpose and vision! https://www.buzzsprout.com/1702192/episodes/16075330
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Chapters
1. The Hidden Costs of Data Hoarding - What Every Tech Leader Needs to Know (00:00:00)
2. Why does Data Management Matter? (00:01:11)
3. The Data Explosion (00:02:30)
4. The Hidden Costs of Data Hoarding (00:03:11)
5. The Business Impact of Poor Data Management (00:04:19)
6. The Shift from Storage to Governance (00:05:43)
7. The Importance of Archiving and Purging Data (00:06:12)
8. Archiving Technologies and Approaches (00:06:58)
9. Metadata and Searchability (00:07:45)
10. Legal Holds and Archiving (00:08:14)
11. The Right to Be Forgotten vs. The Need to Remember (00:08:39)
12. Secure Deletion Methods (00:09:06)
13. Challenges in Complete Purging (00:09:45)
14. Automation of Retention and Purging (00:10:14)
15. The Challenge of Unstructured Data (00:12:19)
16. Data Discovery Tools (00:13:23)
17. Data Governance and Lifecycle Management Tools (00:14:59)
18. Practical Next Steps (00:18:38)
19. The Future of Data Retention (00:19:49)
20. Closing Thoughts (00:20:48)
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