Tag Archives: records management

Dodd-Frank Legislation and Structured Data Retention

The “Dodd-Frank Wall Street Reform and Consumer Protection Act” has recently been passed by the US federal government to regulate financial institutions. Per this legislation, there will be more “watchdog” agencies that will be auditing banks, lending and investment institutions to ensure compliance. As an example, there will be an Office of Financial Research within the Federal Treasury responsible for collecting and analyzing data. This legislation brings with it a higher risk of fines for non-compliance. (more…)

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Posted in Application ILM, Application Retirement, Big Data, Business Impact / Benefits, Business/IT Collaboration, CIO, Customer Acquisition & Retention, Customer Services, Customers, Data Governance, Data Services, Data Warehousing, Database Archiving, Enterprise Data Management, Financial Services, Governance, Risk and Compliance, Mainframe, Mergers and Acquisitions, Operational Efficiency | Tagged , , , , , , , , , , , , , , , | Leave a comment

Applying Retention Schedules To Database Data

Over the last few blogs, we have stepped through a project to implement Information Lifecycle Management (ILM) on corporate databases.  First, we evaluated the target databases, then we determined the Business Objects and assigned retention periods to the data – including both Legal and Operational requirements.  Now that we are ready to start applying the retention policies and deleting data, it is a good idea to set up an archive database as an intermediate repository for business objects classified as legal records.
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Posted in Application ILM, Application Retirement, Business Impact / Benefits, Business/IT Collaboration, Data Governance, Data Integration, Database Archiving, Governance, Risk and Compliance, Operational Efficiency | Tagged , , , , , , , , , , | Leave a comment

CommVault And Informatica’s Joint Solution For Retiring Legacy Applications And Data Meets Customer Needs

One of the challenges I face as a database archiving implementer and practitioner is where to store legacy database data after an application is retired.  Typical requirements include:

  • Business wants to be able to access data should they need it to support ad hoc operational needs.
  • Legal wants to be able to access data should they need it for litigation.
  • IT wants to get rid of the data because it is costly to maintain the old application and technology it resides on.
  • Executives want a solution that doesn’t create another silo of technology.
  • Records Managers want to make sure data is purged when the retention period matures to maintain compliance.

The announcement of the CommVault and Informatica partnership addresses many of these requirements in one swoop.

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Posted in Application ILM, Business Impact / Benefits, Data Governance, Data Integration, Database Archiving, Governance, Risk and Compliance, News & Announcements, Partners | Tagged , , , , , | Leave a comment