StoredIQ Named “Cool Vendor” by Gartner

We are excited to announce that StoredIQ has been included in the list of “Cool Vendors” in the 2012 Risk Management, Privacy and Compliance report by Gartner, Inc. Big data — which presents both tremendous value and tremendous risk — is the next battleground for innovative, forward-looking vendors. Corporations included in this year’s Gartner “Cool Vendor” report provide solutions to consumers and public entities that need tools to make sense of the vast amounts of information in their organizations, analyze the risk from different perspectives, and facilitate its sharing without exposing it to abuse.

The report cites StoredIQ’s innovative, proactive approach to indexing and classifying data as a key differentiator in eDiscovery and Information Governance.  Since StoredIQ indexes and classifies data well before a discovery action, companies retain only the information that is required for either legal or business reasons. Because of this, organizations are better prepared for potential eDiscovery, pay less for storage and archiving — and gain better information governance and more effective information management for business decision support.

Taming Big Data means breaking from the traditional model of continuously moving data to new storage repositories reactively. We believe our inclusion in Gartner’s Cool Vendor report is confirmation that StoredIQ’s ‘active information management’ solutions provide the kind of unique benefits that resonate in today’s market – from real-time data intelligence to proactive eDiscovery and policy-based governance.

[1] Gartner “Cool Vendors in Risk Management, Privacy and Compliance, 2012″ by Carsten Casper, Khushbu Pratap, French Caldwell, Andrew Frank, Robin Wilton, April 24, 2012.

StoredIQ Partners With NewsGator to Bring Information Governance to Social Computing

Today we want to introduce you to an exciting new StoredIQ partner, NewsGator, a social site provider for Microsoft SharePoint and Office 365. As enterprise knowledge continues to grow in size and complexity, organizations need solutions that intelligently identify risk and govern information—especially social business content. The aim of our partnership is to confront this growing challenge so that companies can adhere to policies, regulations and litigation demands while collaborating effectively.

“Typical governance solutions haven’t kept pace with the growth of social data, the evolution to a collaborative environment, or the multitude of collaborative content types. StoredIQ’s Platform helps NewsGator Social Sites 2010 customers manage this risk in an efficient and cost-effective way.”

-Christine Taylor, Analyst, Taneja Group

Social business and collaboration data is as important to an organization as traditional enterprise data contained in email and file shares, and it requires all the governance, risk management and compliance capabilities of traditional enterprise communication methods. StoredIQ provides a holistic information management solution for both traditional and social business data, without any additional burden on enterprise business users.

Addressing the myriad of legal, records management, and compliance issues that arise when social computing comes into play can be complex. Regulations are plentiful and violations are expensive. It is critical that companies consider their strategy for supporting secure collaboration within the structure of their security policies and also within the context of existing federal regulations. StoredIQ’s partnership with NewsGator ensures that collaboration flourishes and enterprise security interests are proactively protected.

You can read more about the StoredIQ and NewsGator partnership here.

10 Signs You Might be an eHoarder

We admit it. We love watching TV shows about hoarding. It’s fascinating to see people who live with boxes stacked to the ceiling and feral dogs and cats running around freely. But, is this same thing happening in our datacenters? Can data hoarding be a problem too? In this age of the explosion of data, is there such thing as too much data?

In a recent Network World article, Warning you may be an eHoarder, Jeff Vance discusses the growing problem with “eHoarding” and also gives the following 10 signs that you might be an eHoarder:

1. You can’t locate the delete key on your keyboard.

2. You save every single version and variation of any document you ever create because you never know when that one turn of phrase or clever analogy you cut out might be useful somewhere else.

3. You rarely sort items out of your inbox and into folders.

4. You use your inbox as a de facto address book.

5. You regularly sign up for e-newsletters but never unsubscribe from ones you don’t read.

6. You spend more time hunting for important documents and files than actually working on them.

7. Your desktop is cluttered with enough icons to wallpaper your office.

8. When you do delete a document, you feel a sense of foreboding and suspect that you may have made a terrible mistake.

9.  You have more thumb drives than you can keep track of, many of which are pretty much duplicates of each other.

10. Remember those old CD-ROMs you used to back up your data to? You still have them. Worse, you even have floppy disks, although you have no vintage computers that could even read them.

We have to confess that we are guilty of many of these infractions, and we’re sure you or someone you know in your organization is guilty too. And while eHoarding isn’t life threatening like hoarding possessions or even animals, it does cause a problem for an organization.  We’re not talking just end user productivity issues (…where did we put that document with the stats on this?) but also major legal risk.

With storage available for cheap, it’s easy to let data stack up. According to AIIM, 1GB of data costs 20 cents to store, but that same 1GB of data costs on average $3500 to review. When you start talking terabytes, petabytes or even in some cases zetabytes of data, you are talking SIGNIFICANT eDiscovery and review costs.

But, luckily for you and any other organization suffering from eHoarding, you can get help! StoredIQ’s active information management solution can help you combat eHoarding by providing a method for defensible data deletion and information governance practices.  Download our Defensible Data Deletion solution brief to learn more.