What’s Your Catalyst? Reflections from ILTA
“The Catalyst” was this year’s theme at the annual International Legal Technology Association conference, aiming to unite more than 3,000 attendees as they identify and embrace inevitable changes in the legal profession. A catalyst is defined as something or someone that causes a reaction or activity between two or more things to create something new. At ILTA, it prompted the question, “What is your catalyst for change?” The rise of Big Data meets Big Law? Controlling compliance costs? Leveraging technology to automate manual tasks? How are your priorities shifting with emerging technology like mobile computing? I heard all of these.
Commvault was on-site to gain some insight into what some of these drivers for change might be for IT and legal teams and to determine how we can help alleviate today’s biggest obstacles in addressing and managing the current data growth explosion coupled with ever-evolving compliance and legal challenges. If you ask me, this theme goes hand-in-hand with Commvault’s Solving Forward philosophy in that we are anticipating the changes our customers are facing, helping to identify drivers and offering options.
At ILTA, a big takeaway for me was finally gaining a really clear understanding of the difference between Information Management and Information Governance. There is often so much confusion concerning these topics. Are they the same thing? Are they related? What’s the difference and why should you care? The panelists on the #INFO5 session laid it out quite simply. Information Management is 'how' information is kept, stored and accessed and Information Governance is 'why.' So often we forget about why we are doing things in the first place, which ultimately is to understand and make use of content based on its value to the business. A good example of Information Management is the technology behind automating the processes of archiving information and storage tiering, while maintaining some method that enables complete transparency and access for a variety of users. There are a million reasons WHY this is important - from cutting costs through optimized storage, improving productivity, simplifying the administration of data, eDiscovery, compliance, risk management and many more. An information management plan that encompasses the governance needs of the business can help reduce overall cost, risk and complexity.
In anticipating change, Commvault talks a lot about what a next-generation Information Management solution might look like in the context of governance issues. Our customers tell us that legacy models, which simply use archives as permanent storage pools, aren’t considering the needs of the business and are no longer cutting it. For example, costs and risks escalate when the business blindly saves everything, without considering the value in it. This is evident when you consider having to sift through volumes of useless content in order to gather intelligence and automating key processes to take meaningful action on it.
This conference provided a good opportunity for us to bring Simpana 10 to the ILTA community and to chat about some exciting new features that can solve some of the pressing problems detailed above. For example, our new content-based retention solution allows you to better manage your information in order to gain an understanding about content, cut costs and reduce risk by automating information management processes. The forward-thinking enterprise anticipates the intersection between 'what to do' and 'why' and leverages technology to enforce clear policy on it.
What is your catalyst for change? How are you balancing Information Management with Information Governance? What are you looking for as you build out a next-generation archive? Share your ILTA stories with us in the comment section below!