Global technological development has made it possible for people to live lives that are more convenient and efficient. Likewise, Information Resource Management (IRM) plays a significant role in helping your employees deal with IT effectively to make the best use of the technology available.
While IRM is used by most companies today, some firms may not have any substantial understanding of managing these assets efficiently. In spite of this, almost every business, including both big and small organizations, need a reliable IRM system for their day-to-day business activities.
The following are top reasons why every business needs an IRM system:
1) Compliance with Regulations and Laws: The growth in technology has also made it necessary for organizations to update their existing systems to deal with the new ones. If your employees fail to comply with these regulations, you may need to pay heavy fines or face legal actions that can be detrimental to your organization’s growth.
2) Protection of Sensitive Information: If you use ineffective IRM tools and systems, it can put your organization at higher risk for identity theft and other security breaches. Let us look at an example here; According to the US Federal Trade Commission (FTC) report, roughly 33% of data breaches were due to poor IT management. Furthermore, more than half of these incidents happened because of mismanagement on the part of employees, such as accidentally forwarding important documents with confidential information or uploading sensitive data into publicly available networks without any encryption software. Of course, there is also no way to stop every breach from happening, but if you want to protect your company against potential risks, you need to choose appropriate IRM tools and systems to safeguard your enterprise-related data.
3) Reduction in Cost: Another significant reason companies are now implementing information resource management systems is to reduce the operation cost involved with managing IT systems. This way, you can have more resources available for other activities that will help you improve your company’s bottom line. If you do not have an IRM system, it can be very costly for your business because every time there is a technology change, you need to handle it manually. However, these processes can take up a lot of employees’ time and effort, which will lead to employee distraction from core business activities. With an appropriate IRM system, all processes will be automated, thus allowing employees to focus on improving the efficiency of their current operations.