Information is a key corporate asset. We gather it, manipulate it and store it with growing sophistication and enthusiasm, constantly seeking to maximise competitive advantage and streamline activities. Electronic storage has revolutionised our ability to do this, making it possible to retain vast amounts of data at low cost. The benefits are obvious, but it is easy to be unaware of the downside – stored information can sometimes represent a serious corporateliability.
Historically, we have held the belief that it is good to keep detailed records and copies of documents. This has been maintained throughout the transition from paper to electronic storage.
