The Xplor View - October 2008 - (Page 24)

information point. ING used its central information point much like a network router that determines where this data must be available and go to, according to a set of predefined rules created by ING. These rules were the basis for sorting the data and sending it on to the relevant storage places. This meant that none of the data needed replicating. Compliance is forcing convergence New regulation requirements are forcing organisations to pay more attention to their unstructured information. E-mails are a big concern for regulators and in recent court cases, have come under strict scrutiny, being analysed for patterns or any incriminating information. Similarly IM, VoIP and other such , communications are being treated in this way. This action is making it more apparent that analysis of unstructured information is growing in importance. Regulations, such as the Sarbanes-Oxley Act (SOX) and the financial industry’s Basel II and III, are forcing organisations to pay much closer attention to the way they monitor and store unstructured information and communications. Organisations need applications that can enable them to capture relevant information from either source. This is forcing vendors to deliver more integrated and aggregated products with open standards. As an example, more organisations are looking towards text-mining. This is because industry boards such as Transportation Reliability Enhancement, Accountability, and Documentation (TREAD), and the Financial Accounting Standards Board (FASB) are promoting compliance standards. These bodies focus on product warranty and liability and these are areas in which text-mining can help sound an alert of a potential problem at the early stages. ILM enhances the organisation’s strategy towards management of mass information With the quantities of information an organisation are forced to retain for legal and competitive reasons, it is vital that a strategy be developed towards storage and retrieval of information, irrespective of format and structure. Information Lifecycle Management (ILM) is a means for doing just this, with an ‘intelligent’ ability to prioritise and value each piece of information held, with respect to its relative importance to the organisation and its activities. This works on the premise that all information holds a different value upon creation and throughout its lifespan. Over time the value of a piece of information can rise or fall. Current information may be more valuable to today’s report than information generated over five years ago. The information is classified by file type, age, recent use, and business importance—to list a few variables. Depending upon its status, the piece of information is moved up or down a hierarchy of storage by a software platform which is created and based on different policies created by the organisation itself. The policies form an integral 24 The VIEW Journal Xplor European Edition Issue 6 October 2008

Table of Contents Feed for the Digital Edition of The Xplor View - October 2008

The Xplor View -� October 2008 Contents TPE Master Class: Three Ways to Tame your Print-to-Mail Workflow Right Now Mission Impossible: Embracing Environmental Concerns TPE Master Class: Implementing a Lean Working Environment Improving Business Processes Yields Award-Winning Business Performance How Do� You Effectively Win New Business Writing a Marketing Plan to Win New Printing Clients How Buying Strategies Have Affected How the Industry Sells Let's Talk About Integrated Customer Communications Management:�Transpromo...It Takes a Village! Knowledge Management Part 3 XDU: Leading the Education Revolution Kodak plus Xplor equals XDU Around the World Xplor Europe News:�Short News Items for the Xplor UK�Programme and Europe News

The Xplor View - October 2008

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