Business Quote by The IIA Research Foundation
““Information is a significant component of most organizations’ competitive strategy either by the direct collection, management, and interpretation of business information or the retention of information for day-to-day business processing. Some of the more obvious results of IS failures include reputational damage, placing the organization at a competitive disadvantage, and contractual noncompliance. These impacts should not be underestimated.””
About This Quote
Source Report: Information Systems Risk Management, The IIA Research Foundation, 2020
Information is central to competitive strategy; failures cause reputational harm, disadvantage, and non‑compliance.
In simple terms: Info drives strategy; failures hurt reputation and compliance.
Key Takeaway
Prioritize robust information governance.
Themes
strategy
risk
compliance
reputation
competitive advantage
Mood
cautious
analytical
Type
advisory
analytical
When to use this quote
- business planning
- IT project oversight
- vendor contracts
- regulatory reporting
Key Concepts
information governance
risk management
strategic alignment
Questions to Reflect On
- How can organizations embed resilience into data processes?
- What safeguards prevent reputational fallout?
A Different Perspective
Even strong information systems can be undermined by human error or external threats.
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