INFOGRAPHIC: Businesses struggle to use information for competitive advantage

By: In: Information Value On: Jun 23, 2014
INFOGRAPHIC: Businesses struggle to use information for competitive advantage

2014 Risk Maturity Index - headline dataIn conjunction with PwC, we’ve just published the third annual mid-market information risk management report. It forms part of this year’s Information Risk Maturity Index. For the first time, the report not only looks at mid-market (250 -2,500 employees) European firms, but also at firms from North America. In addition, we’ve extended the scope of our research to include enterprise businesses (over 2,500 employees) in Europe and North America. This research will be published later this summer. In the meantime, you can read an introduction to our findings for mid-market and enterprise-level companies when you visit our website. Some of the main findings from this year’s research are highlighted in this infographic (click the image to see a larger version).

Universals

The results of the PwC information risk research are broadly consistent across mid-market and enterprise firms, across both continents and across the six business sectors surveyed. Overwhelmingly, the businesses we surveyed told us they understand that information has value and want to exploit that value. However, many businesses are more concerned with defending their information against data breaches or legal action than they are with using it to drive competitive advantage and growth. Unlocking the value of information, it would appear, is a challenge for the majority. Yet it isn’t quite the case everywhere.

Front runners

When we looked at the top 5% of the companies we surveyed ‒ companies that scored 100 and so are equipped for risk or those very close to that score achieved ‒ we found a clear correlation between firms who can be considered front runners in terms of their preparedness to manage information risk and those firms who are successful at extracting value from their information.

Read the Mid-market report to learn more about the characteristics of front runners.

← Emerging trends in information management: closing the gap between risk and value Gary Blakeley tells the First World War story of Private James McCarthy →

Leave A Comment

About the author

Christian Toon

Christian Toon is a former Iron Mountain employee who now works closely with our business within his new role: Senior Cyber Security Expert at PwC UK. Christian's thought leadership in this space is well-acknowledged across the industry. Christian has obtained numerous industry specific and recognised qualifications, he is a qualified Prince2 Practitioner and ISO IEC 27001:2005 Lead Auditor as well as holding auditing qualifications with ISO 9001, ISO 18001 and 14001. Christian has also completed all the Information Assurance Levels from the National School of Government. Christian's application to the Institute of Information Security Professionals (IISP) is currently under review along with a potential application to further his development with an Masters in Information Security.