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The 2014 Information Maturity Risk Index

When it comes to deciding how best to manage information, organizations on both sides of the Atlantic seem more comfortable following conventional risk-avoidance strategies than translating that information into insight and competitive advantage.

That’s one of the key findings of the 2014 Information Maturity Risk Index, a new study published by storage and information management company Iron Mountain Incorporated and PwC UK that examines how sophisticated organizations are when it comes to not only protecting information from risk but also realizing the promise of data analytics.

In the study, Iron Mountain and PwC evaluated 1,800 companies of varying sizes across North America and Europe in four key areas of their information governance programs: strategy, people, communications and security. These scores were then compiled to produce the Information Risk Maturity Index, the third annual measure of how prepared companies are to manage and respond to information risk and address other key information trends. The results, assessed for France, Germany, Hungary, the Netherlands, Spain, the United States and Canada show that the average Information Risk Maturity Index score (out of a possible 100) is 65.7 for the enterprise group (up to 100,000 employees) and 55.3 for the mid-market (250-2500 employees). In North America, enterprises come in at 65.7, while mid-market scores are at 54.5 in the mid-market; Europe finished at 66.3 and 56.1, respectively.

While the results show similar levels of risk maturity for both continents, the ability to extract value from that information is a challenge. When asked to gauge the importance of securing and protecting information versus tapping into its ability to serve as a business asset, respondents named ‘avoiding a data breach’ (85 percent in North America, 76 percent in Europe) and ‘avoiding legal action or a fine for non-compliance’ (79 percent and 74 percent) as their top priorities for information management. Furthermore, while 79 percent of firms surveyed in North America and 72 percent of those in Europe said they consider their information to be a business asset, only 35 percent (aggregate) employ data analysts to try and extract value from that information.

A summary of the report, ‘Beyond good intentions: An introduction to the 2014 Information Risk Maturity Index,’ can be accessed at www.ironmountain.com/thoughtleadership/informationrisksurvey (registration required).

•Date: 12th June 2014 • N.America / UK / Europe •Type: Article • Topic: ISM

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