A recent benchmarking analysis has indicated an IT organization is retaining more data and spending...

Revalidating the organization’s risk tolerance and re-aligning the retention policy is the best option to ensure the optimization of retention costs, because it can help the organization balance the trade-off between the benefits and costs of data retention. By revalidating the risk tolerance, the organization can identify the optimal level of data retention that minimizes the exposure to legal, regulatory, and operational risks, while also reducing the storage and management costs. By re-aligning the retention policy, the organization can ensure that the data retention practices are consistent with the risk tolerance and reflect the current business needs and objectives. A re-aligned retention policy can also help the organization comply with data retention laws and regulations, avoid unnecessary data hoarding, and improve data quality and accessibility. References := Data Retention Policy 101: Best Practices, Examples & More - Intradyn, Data Retention 101: Policies and Best Practices | Egnyte, Best Practices for Data Retention and Policy Creation Will Optimize Storage Management, Data Retention Policy: Crafting Strategy for Compliance and Access