Navigating Risks in the Digital Era with Information Management

It’s an era of rapid digital explosion, with organizations leaning towards tools like Microsoft 365, Google Workspace, and Salesforce more than ever before. Cloud technologies, as per Gartner’s analysts, are projected to consume over 65% of application software spending by 2025. However, this increased dependence wields two faceted outcomes: an exponential growth in data and an alarming surge in risks and costs.

Executives, especially CEOs, have to shoulder the responsibility of mitigating these risks. As a proactive step, they need to steer their teams to formulate robust information management, governance, and security strategies for protecting critical data. Implementation of automated info life cycles and information management policies grow imperative in further risk reduction, ultimately aiding in cutting storage costs.

A significant paradigm shift in focus was observed in CFOs who prioritized optimizing costs. They derived benefits from understanding where data resides and sparked cost reduction by archiving redundant information. Yet, wielding the double-edged sword of cost optimization and security, data protection measures should find a place in every company’s strategy, especially in safeguarding valuable assets through backup and ransomware detection.

Artificial Intelligence (AI) has wormed its way deep into organizations, presenting its lucrative perks. However, implementing measures to govern it and ensure reliable data protection are just as important to mitigate potential risks. Citing information from a recent Gartner poll, the majority of executives considered the benefits of generative AI heavy enough to squash any potential risks.

In relation to AI use, an enticing solution surfaced in the form of a free discovery tool offered by AvePoint. This tool, part of their comprehensive Confidence Platform, bears the potential to identify and abate AI-SaaS risks. Their solutions find wide acceptance, as seen by their 17,000 global customers leaning on them to enhance productivity, compliance, and assure security.

To navigate the digital landscape while keeping risks at bay, organizations should focus on information management, governance, and security. In line with this, tools such as Avepoint’s discovery tool play a crucial role in mitigating AI-related risks, offering a promising landscape for organizations navigating the digital age.