Some parts of your organisation may want to know if they can
collect more and more data and hold it for longer. However, given
the increasing and significant fines for serious and repeated
breaches of the APPs and the increasing costs of maintaining
exponential growth in data holdings, the IT, data governance and
information security functions of many organisations are
increasingly pushing back. They wish to rationalise data holdings,
remove legacy systems (especially those kept just to access certain
legacy data), remove data duplication and slow the exponential
growth in data holdings.
The challenge
Can you significantly reduce your costs of data storage, stop
running redundant legacy systems and still comply with your legal
obligations? In the face of concerns from key stakeholders that
there could be contractual, legal and/or internal policy
requirements prohibiting the deletion of the data, our recent
challenge from a major Australian bank was to assess and
