The phrase “information is power” has been around in the business world for quite some time. In fact, information is so powerful that it has become the new currency in our world. You can comprehend a small portion of its influence by examining the birth and transformation of market research, knowledge management, data mining, and customer relationship management during the past 10 years.

However, information is in fact useless until it is translated into profitable action. That is why you cannot accurately put a monetary worth on information until you see the actual end result after its use. It is needless to say that information is still vitally important and it should be protected at all times. Referencing to my own personal experience of being a victim in an identity theft case, it shows that there really are people in the world who are seeking after your information to use for their own financial advantage. So be sure to use contracts, NDAs, copyrights, privacy policies, privacy seals, and other security measures. You may even want to consider making IT investment to encrypt some of your sensitive digital information.

Oct 18th by admin