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Holding on to data you're not required to keep can have serious implications for your organization. Learn how data minimization can help you reduce data risk.
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In a world of cheap, effectively infinite cloud storage, it can feel like there’s simply no need for the delete key. After all, we can keep everything forever, pay next to nothing per item, and never worry about it again, right? Well, not exactly.
Data has costs that go beyond the infrastructure bill — and retaining it forever risks impacting your organization in unexpected ways. The cost/benefit calculation isn’t as straightforward as you might think.
In this article, we’ll outline the hidden (or not so hidden) costs of retaining data. We’ll also be exploring how a focus on data minimization can both reduce these costs, and enable your team to get more out of the data you do keep.
But first, let’s take a good look at ROT: the data we don’t want to hold on to.
Redundant, Obsolete or Trivial data is a set of classifications for data that organizations don’t need to keep but continue to retain. This data naturally accumulates over time in normal business operations. Employees create ROT when they save multiple copies of the same information (Redundant data), retain out-of-date information (Obsolete data), or save irrelevant or personal information to their work devices or drives (Trivial data).
A solid data minimization process can help your business mitigate the risks that come with holding on to ROT data.
The argument for ‘keeping everything’ usually revolves around the perception that data should be retained because, ‘we might need that one day’. The reality, however, is that keeping information too long can raise many types of risks to your business:
We often think of cost as a relatively simple $X per TB ratio. However, when calculating the true cost of storage, you also need to look at other dimensions, including:
Replication costs - Some organizations have clear requirements to replicate data across regions, typically to improve availability or disaster recovery processes. If you’re replicating critical datasets across different geographical regions, you’re effectively doubling the amount of data stored. You should expect to incur additional costs as a result, possibly up to 100%
Transfer or egress costs - If you transfer data from your storage provider, either as part of a business process or as part of a larger data migration, you can incur additional costs.
Management costs - These could be charged by your provider or could come as indirect costs that your team incur as they action data management tasks. It covers a broad range of items, including the cost of transferring data across tiers of storage (for better cost effectiveness), cloud monitoring to ensure data integrity, security activities (encryption, penetration testing, security architecture changes etc.)
While you may be paying $0.023 per TB of data, that number may pale in comparison to the direct and indirect costs above. Even worse, this investment may going toward the management of content that you don’t even need (or want) to keep and which if retained, could cause your organization harm.
So, what can you do?
At its heart, the solution centers around developing a better understanding of your data, separating the wheat from chaff if you will – data minimization.
Only once you do that can you appropriately minimize the amount of data you are keeping on an ongoing basis. You need to remove the ROT.
Now that you understand the issues ROT can cause, you can start the process of removing it.
Here’s a high-level guide to removing ROT so your organization can begin achieving its business objectives.
Once you have the profile completed, you’ll have a systematic set of rules against which you can analyze all your data shares and start to clean up your data corpus, disposing of data that isn’t required. This will save you storage space and budget, while making your team members’ lives easier. They won’t have to wade through pages of irrelevant and outdated search results, saving them valuable time and effort. It’s a rare, true win/win.
Remember, as we automate processes it’s vital that the most accurate, up-to-date information is used within those processes. Having too much ROT can seriously hamper this goal and cause harm if decisions are made based on incorrect information.
Reducing the amount of ROT you hold is the key principle of data minimization, because it’s the single best way to reduce ROT-specific data risk.
If you’re worried about the impact of ROT on your organization, but you lack the time and resources to conduct the review manually, RecordPoint could be the solution.
As part of our commitment to high quality information governance outcomes, we developed File Analysis. File Analysis is a simple and efficient way to discover what's in your file share data, identify high value (and low value) data, and give you the intelligence to understand what you can do with it next. Empowered by your customized File Analysis report, your organization can make cost saving, risk reducing and quality migration decisions about that data.
File Analysis ensures only the right information is retained, with ROT data clearly identified for easy deletion.
View our expanded range of available Connectors, including popular SaaS platforms, such as Salesforce, Workday, Zendesk, SAP, and many more.
Avoid risk, manage data more easily, and cut costs by removing unnecessary data with RecordPoint Data Minimization.
Protect your customers and your business with
the Data Trust Platform.