Federal Rules of Civil Procedure (2006) Rules 26 and 34 re electronic records Rule 37(f) re records retention/destruction:
“ Absent exceptional circumstances, a court may not impose sanctions under these rules on a party for failing to provide electronically stored information lost as a result of the routine, good-faith operation of an electronic information system.”
Has moved from back office cost center to strategic management priority
What has this done to thinking about corporate-owned information and its long-term survival?
Inmon and Time Value of Information Bill Inmon asked, in his January 2007 article on “Time Value of Information”: “ How is the time value of information applicable at both the micro and macro levels?” He provided some sample distributions to illustrate his point, which I show in the following.
Information and Codification Time Intelligence (most value before it’s codified) Point of Codification Information (most value in how it’s codified) Information (most value in that it’s codified) Insights (most value after it’s codified) Relevance Zone Value
Value Time Newspapers Time Value of Information:
Value Time Academic Libraries Time Value of Information:
Value Time Archives Time Value of Information:
Value Time Corporations Competitive intelligence Corporate information Corporate knowledge Corporate intellectual capital Time Value of Information:
Value Time Corporations Competitive intelligence Corporate information Corporate knowledge Corporate intellectual capital Can we identify information that has a special “relevance aura” that could outlive the average? Time Value of Information:
With corporations becoming increasingly responsible for so much of society’s functioning, where will our history come from when so much of it is being deliberately destroyed, often with the best of intentions?