Under Control: Governance Across the Enterprise

11.4. Driving Forces for Information Governance

Many forces drive the need for IG. Let's examine some of the major drivers.

Heavy regulatory and legislative pressures. Many industries have become accustomed to heavy regulations. For example, in the U.S., the financial industry has long been governed by Securities and Exchange Commission (SEC) regulations. Similarly, the pharmaceutical industry has long been subject to FDA regulations in the U.S. and to EudraLex (the rules governing medicinal products in the European Union) in Europe. In light of the economic crisis that emerged in 2008, many other industries may be subjected to heavier regulations as well as greater oversight. To comply with such regulatory requirements in a cost-effective and ...