How to Stay Ahead of Data Retention Requirements – Part 2

Data retention is a critical component of data management and compliance for organizations, addressing challenges such as varying requirements for different data classifications, balancing retention and disposal needs, and identifying sensitive data. Organizations must navigate these challenges by implementing strategies like assessing data for regulatory categories, considering single retention schedules for multiple clients, and regularly checking compliance requirements. Practical approaches include automating data classification and retention processes, ensuring data is searchable and usable, and employing tools to compress and de-duplicate data to manage costs. Ultimately, businesses should develop comprehensive data management policies and procedures to guide staff and facilitate the use of automation in data retention efforts.