In the emerging information governance market, managing the lifecycle of the content not only covers the retention and disposition of the record but the complete management of the metadata of the record, tiering of content across storage platforms, security classification of the content during its lifecycle, data privacy attributes of the record during its lifecycle, and finally digital rights of the content when it goes outside the firewall (because that never happens). Essentially, information governance programs are a superset of records management programs and feature similar methodologies and processes.
Information governance is also more of an accountability program to enforce desirable behavior in the creation, use, archiving, and deletion of corporate information. It includes the lifecycle management practices to address eDiscovery readiness, information risk management, business information lifecycle management, and federated archiving. Information governance clearly defines the roles and responsibilities with detailed metrics and auditing. It requires a cross functional committee involving legal, compliance, business, and IT.
Unlike current records management solutions, information governance enables central management of retention policy and metadata, while supporting the enforcement of information governance policies across business functions, locations, and information silos.
From Information Governance Versus Records Management – What’s the Difference courtesy of rsd.com