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Digital Preservation -- High Stakes for Finance and Insurance Companies

Feb 22, 2018 9:30:00 AM by John F. Mancini


It is time to think about Digital Preservation differently — as a dedicated capability that keeps long-term information alive and usable and trusted and easily found. The time to act is now. AIIM believes that digital preservation needs to be viewed through the prism of a set of Intelligent Information Management capabilities that are integral to delivering upon the Digital Transformation challenge of understanding, anticipating, and redefining internal and external customer experiences.

Nowhere is this truer than in the financial services sector. In a recent AIIM survey, 85% of finance and insurance executives said that digital preservation was “important” or “very important” to their organizations – even higher than the 77% reported in other industries.

Despite this declared importance – 62% say that “Archiving and long-term digital preservation is a key part of our enterprise information governance and management strategy” -- the reality in most financial organizations is very different. Why is it particularly important in finance and insurance?

Here are 3 key reasons:

1 -- The financial services sector is the most highly regulated and competitive sector on the planet.

2 -- Potential opportunities created by tapping into the value of long-term information are significant.

3 -- Potential opportunities tied to digital preservation are not confined to just big data.

Find out more in my new Tip Sheet -- 3 Reasons Digital Preservation Requires a Dedicated Strategy.


Topics: digital preservation, finance, Banking, insurance

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