Information management has far-reaching implications for businesses across cost, compliance, and efficiency. Over 50% of organizations have incurred costs due to poor information management, and struggle to control growing data expenses. Only 13% manage electronic records according to retention schedules, and 39% have encountered privacy or data protection issues. Poor document management could impact 50% of businesses' operational agility. Implementing information management through reducing volume, organizing what remains, and adopting structured processes can help reduce costs, increase efficiency, and lower risk of penalties.