Cloud Data Management Could Save Your Fund Time and Money

Public employee retirement systems must manage and protect their data. Managing data involves creating and maintaining a framework for storing, mining, and archiving data. Cloud data management makes it possible to manage all phases of the information life cycle in one place - pushing it from paper to a digital format. And it could save pension funds time and money. A free webinar is offering details on how the federal government is currently undergoing its effort to go paperless by Dec. 31, 2022. 

Cloud computing, according to the National Institute of Standards and Technology, allows organizations to access a shared pool of resources such as networks, servers, storage, applications, and services quickly and with little management effort. It utilizes preexisting technologies such as high-speed internet, client-server computing, and geographically distributed data centers.

The private sector rapidly adopted cloud computing into its record management. But the government has been slow to act. The federal government announced in a 2019 memorandum from the National Archives and Records Administration to the heads of executive departments and agencies that it would move to an "electronic government" for document management.

In addition to being "paperless," according to the memorandum, the benefits included reducing government expenditure of taxpayer dollars to create, use, and store federal records in paper and other non-electronic formats. The directive set a Dec. 31, 2022 deadline to move to the cloud data management system.

Pension system trustees and administrators can take advantage of a free webinar exploring:

  • How government agencies are moving toward fully electronic records management,
  • What organizations can learn from the federal government's push to go paperless, and
  • The benefits a cloud-based data management platform provides.

Join GCN, a GovExec publication, for an editorial webcast, Cloud Data Management and Next-Gen ERM, from 1 to 2 p.m. CT on Thursday, Feb. 3.

Click here to register and learn more about the program and its speakers. 

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