Whatever your business size or industry, the information you hold is one of your most valuable assets. But whether you like it or not, senior management may (unwittingly) be moving too slowly to tackle information risk. This is largely due to the sheer variety, volume and velocity associated with today’s flow of information. Our 2014 Information Risk Index carried out with PwC highlighted the fact that businesses are finding information difficult to manage in an increasingly complex and fast-changing environment. Businesses need to be quick-thinking and sufficiently agile to move fast enough and adjust swiftly to the shifting risk landscape.
The lightning speed at which information is created is breath taking and impacts heavily on a business’s ability to not only manage it properly but also to identify and exploit the associated value. Just one minute will see 204 million emails sent, 30 hours of YouTube videos uploaded, 47,000 apps downloaded, 100,000 Tweets sent and 20 new victims of identity theft. The sheer volume of information is hard to comprehend, let alone manage. If, however, the challenges of complexity aren’t addressed, then businesses could find themselves far behind the rest of the field in the race to tackle risk and gain an information advantage. The good news? Front runners are doing a good job.
Find out how to up your organisation’s tempo in the race to tackle risk. Download the PwC Information Risk Index Reports.