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Getting More Data For Less

By Shawn Strickler
December 27, 2004

Businesses often operate like pack rats, hanging onto every piece of paper that was ever generated during their long histories. Year after year, the boxes continue to pile up, with the tacit understanding among partners, principals and employees that it's better to keep everything than lose something that will be needed down the road.

As we move farther into the Electronic Age, the principle continues to apply: The more you keep, the less you risk. And with a plentiful supply of inexpensive storage options and increasing compliance demands resulting from legislation like Securities and Exchange Commission (SEC) requirements, HIPAA and Sarbanes-Oxley, electronic data is being stored at an increasing rate.

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