(EIU: New York) -- Is information governance important to a company’s success? Yes, according to “The Future of Enterprise Information Governance,” published by the Economist Intelligence Unit Ltd. and sponsored by EMC Corp., headquartered in Hopkinton, Massachusetts. Despite the seemingly infinite ways in which technology is said to make sharing information easier, it’s undeniable that processing, storing, protecting, and analyzing information becomes increasingly more complicated for companies with each passing year.

If a company wants to enable itself to make better decisions, it needs to have an integrated information system in place so that customers, products, and resources can be shared and accurately assessed. The biggest challenge worldwide is identifying the cost-risk-return tradeoffs of managing information companywide. “The Future of Enterprise Information Governance”report examines the issues surrounding establishing cross-functional information governance bodies.

Enforcing policies companywide, alterations to traditional business processes, and gaining support from department heads and business managers are all obstacles toward a practical approach to information management. “Getting several thousand people to change their work practices in a manner that doesn’t interfere with their needs is a big challenge,” says Peter Whatnell, CIO of Sunoco Inc., in Philadelphia.

 …