Data Retention Policies - A Dichotomy

An interesting statistic came out of a recent study put out by Symantec, based on a June 2010 survey of 1,680 senior IT and legal executives in 26 countries, conducted by Applied Research. A key finding showed that 87% of the executives felt that they should have a data retention policy but only 46% of them actually had one. Given the importance of data retention in these litigious times, that's amazing. One might assume that the executives are being hindered in doing what they think is right, either by budgets or by corporate policies. Too bad. Data retention is critical to an organization today, and a lack of appropriate policies will be costly in the long run. For a run-down on the study, see this link.