Q1. In order to interpret the Information Governance Reference Model (IGRM) diagram. It is recommended that we start from the outside of the diagram. Briefly name three (3) components required to successfully conceive a complex set of inter-operable processes and implementable procedures and structural elements.Q2. In chapter seven (7), we have learned from “The Path to Information Value” that Seventy percent of managers and executives say data are “extremely important” for creating competitive advantage.In addition, it is implied by the authors that, “The key, of course, is knowing which data matter, who within a company needs them, and finding ways to get that data into users’ hands.”Looking at the Economist Intelligence Unit report, identify the three (3) phases that led to the yard’s rebirth.Notes: use textbook and other resources and make sure it is in apa format with no plagiarism.Text book name : Information governance for business documents and recordsRobert F. SmallwoodThanks,.