Inside TDV - The Data Vault Blog
Trickle Down Data Management
Many large corporations have already taken the initiative to develop robust data handling procedures with dedicated teams in place to handle any issues as they arise. But as these information management practices become industry standards, the smaller companies present in the marketplace will have to ensure that their policies are in line with the bigger players or risk being left out of vital contracts and business deals. This effect could be best described as an example of “trickle down” policies.
One of the best examples of this kind of phenomena can be found within the healthcare industry. As larger hospital systems increasingly find themselves in the crosshairs of malicious intruders, their records retention and security policies have become more strict. In order for smaller medical practices to continue working with these networks, their own in-house practices will have to comply with what these larger systems have decided – even if they come with a considerable financial burden. Suppliers and vendors will also begin to change their policies to meet new standards, creating a critical mass of change within the field that makes compliance an unavoidable necessity.
As a small organization, it can be hard to keep up with the exact retention specifications required by your industry. Whether they be legal mandates for accountability or the kind of trickle down practices as illustrated above, unfortunately internal policies can be dictated by outside forces from time to time. Here at The Data Vault we work with clients of all sizes and industries, and pride ourselves on keeping up with the current forces shaping the marketplace. If you’re struggling with how to meet new requirements or are looking for a more cost effective way to handle your current ones, let us take a look and see if we can help you find a more efficient solution to your needs. Contact us today and one of our expert consultants will be more than happy to get back to you as soon as possible!