What are the disadvantages of Electronic records ?

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
What are the disadvantages of Electronic records ?

Answer & Explanation:

The followings are the disadvantages of Electronic records: Software risk: Storing records in an electronic document management system, have a risk that since the system being no longer supported by the software company the company will cease to exist. Format risk: When storing the records as an electronic record, a person run the risk of not being able to read them at some point. Media compatibility: Maintaining images on media which the person can access at a later date is a big challenge. For example, the documents are also stored in floppy disks. But the floppy disk drive is no longer available. Reliability: It's a good idea to have most vital documents imaged, but keeping a paper copy assures that the person have access to them anytime. Portability: The portability is an advantage for digital images. It's very easy to misplace or accidentally delete large amounts of data or to duplicated and transported outside of any organization. Conversion expense: It's very expensive to convert paper documents to digital images. The amount of labour it takes to prepare documents and analyze them so that they can be identified and indexed correctly is very large.

Topics: Electronic Records

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