In times when data privacy laws and compliance regulations are changing fast, enterprise information archiving has become the norm ‒ best practice for some, a regulatory necessity for others. What are the digital channels that need to be retained today? Is email dying and what content from alternative communication tools do companies archive the most? What’s the biggest fine ever levied for non-compliance? How big is social media for the workplace? How much does an average data breach cost a company?
This infographic answers these and many other questions using recent stats from trusted external and Jatheon’s own sources. Read about the current state of email and social media, the financial and regulatory risks of unstructured data and learn how much information archiving really matters in today’s world.
The Current State of Email, Social Media and Mobile
In a world dominated by instant messaging, is email dying? Quite the contrary! Here’s proof.
– By the end of 2021, the number of worldwide email users will exceed 4.1 billion.
– The total number of business emails we exchange daily will reach 320 billion in 2021.*
– 75% of critical corporate information (including sensitive information) is contained in emails that employees exchange daily.
But social media for business is still going strong.
– There are 80 million active business pages on Facebook.
– 79% of financial advisors acquire new clients on social media.
– The US Government has more than 9000 social media accounts.
Mobile messaging is gaining momentum too.
– Almost 50% of work-related content is now accessed via a mobile device.
– 9 out of 10 consumers would like to use messaging to talk to businesses.
– 25% of users would click on SMS links (compared to an average email click rate of 1%).
The Risks of Unstructured Data for Your Organization
– An average cost of a data breach is $3.8 million.
– The maximum penalty for HIPAA compliance violation is now $1.5 million per incident.
– Some Fortune 1000 companies pay $30 million for eDiscovery annually, but 38% of corporations have not employed new eDiscovery technologies.
– The maximum fine for non-compliance with GDPR is 4% of the annual turnover or €20 million, whichever is higher.
Why Archive Email and Other Unstructured Data?
Defined by Gartner as the “next step in the evolution of archiving”, information archiving is the process in which unstructured data ‒ email, attachments, social media content, mobile messages etc. ‒ is captured, indexed and placed on an appliance or in the cloud environment to ensure secure long-term storage, appropriate access and easy search and retrieval of business-critical information.
Why do companies do it?
Primarily for compliance purposes, but also to improve litigation response, boost employee productivity and enable intelligent corporate governance. According to the Radicati Group, the global market for information archiving is expected to grow to over $6.7 billion by 2020.
Compliance, Business Insight and a Peace of Mind
– Adopting information archiving technology can reduce legal risk by 62%.
– Email, social media and mobile archiving technology allows companies to solve 100% of corporate information dilemmas using a single solution.
– In Jatheon, we’ve so far archived 5+ billion messages and boast a 100% customer satisfaction rating.
Contact us to see how we do it.
* The Radicati Group, Email Statistics Report 2017-2021.