Today, companies are looking for solutions that can archive inactive data from little used enterprise applications. Those applications can be decommissioned, saving the company the expense of keeping them running for little payback. But the question not addressed early enough in the project is what to do with all of the application’s legacy data – delete it or save it (and where). By migrating the legacy data to an intelligent archive, organizations can preserve the value of legacy application data, ensure regulatory compliance, and address any legal concerns.
Social media platforms have proliferated as a direct method for companies to connect with their customers. However, in the last several years, businesses have been forced to collect and make available social media content for both eDiscovery and regulatory compliance.
Finally, the financial industry is no longer forced into purchasing and supporting overpriced on premise WORM storage or high priced, specialty cloud archives that lock them into the platform with ridiculously high penalties when you want to move your data out. At least many of the on premise WORM storage systems such as the EMC Centera storage system have a proven history of meeting SEC Rule 17 a-4 requirements however, the financial industry is moving to the cloud for lower prices and higher security.