Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Survey: President’s Forthcoming Mandates For Improving Federal Records Management Eagerly Anticipated By Government Agencies

Stock quotes in this article: IRM 

Despite overwhelming confidence in their current records programs, 85 percent of those charged with storing and managing information for government agencies favor President Obama’s Memorandum for Managing Government Records, which aims to cut costs and aid public access to records. Not only do records managers embrace the reform, 83 percent believe it will succeed, according to a survey conducted by information management company Iron Mountain Incorporated (NYSE: IRM). The survey was done in anticipation of a Federal Directive expected July 31 from the White House and the National Archives and Records Administration (NARA).

Chief among the survey findings, respondents reported less confidence in their ability to manage digital data and use newer technologies like cloud storage—two of the central areas marked for improvement in the Memorandum.

The survey sought to understand records managers’ attitudes toward the Memorandum and the overall health of their current programs, as well as to identify their concerns for the pending directive. The key findings include:

  • All in favor – 85 percent said they personally supported the President’s Memorandum and 93 percent said their agencies have prioritized improving records management processes;
  • High grades for current programs – Respondents overwhelmingly gave themselves high grades for their current records management practices, including 100 percent indicating they were “strong” when it came to protecting records and 97 percent saying they were “strong” when it came to complying with the Federal Records Act;
  • Lack of confidence in managing electronic content – On the contrary, only 9 percent said they were “very strong” when it came to using cloud-based applications, and only 51 percent are comfortable in their ability to store and manage electronic data;
  • Value in collaboration – Federal records management teams that partnered with other departments like IT, Legal and COOP had higher confidence in the effectiveness of their records management practices than those who didn’t partner;
  • Roadblocks to success – The success of the Directive may rest on federal records managers’ developing new skills as 71 percent cited a need for training as their top concern. Sixty-eight and 61 percent named staff and budget resources, respectively, as additional worries.

“The results support what we’ve been hearing from federal records managers. They have embraced the Presidential Memorandum and rightly see it as an opportunity to further improve their programs,” said Sue Trombley, managing director of consulting, Iron Mountain. “While the requirements and mandates outlined in the Memorandum are significant, it has become clear that broader, cultural changes will need to take place before government organizations are fully prepared to comply with the forthcoming Federal Directive. The Directive encourages federal agencies to take the necessary steps to make those changes, including developing a strategic plan, collaborating with key stakeholders, embracing new technology, committing to training and education, and aligning with industry partners, all helping to shape the future of records management.”

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,294.42 -0.08 0.00%
NASDAQ 3,453.88 -5.54 -0.16%
S&P 500 1,648.33 -2.18 -0.13%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs