A New Administration of Knowledge Management

US President Obama faces many challenges as he enters the executive office. His new administration is set to tackle the economy and many in the document management industry are looking to them for signs of increased regulation when it comes to records management and retention.
While such a topic may not seem like it would be a priority for the new president, those immersed in the industry know that good knowledge management is key to solving some of the biggest problems facing the country. Like the economic crisis.
During his campaign, Obama acknowledged that the economic situation, in which we find ourselves knee-deep in bailouts and debt, was caused by a lack of regulation and a disregard for compliance standards. With recent studies showing companies woefully unprepared to archive and manage e-documents, the government is even further behind.
But with the new administration built upon values of transparency and accountability, many in the industry are hopeful that change has come, bringing with it more enforcement and productive initiatives that will help address and prevent future records management calamities, economic and otherwise.