May 11th, 2008
The Value Of Information, Risk Management & Business Continuity - A Logical And Structured Approach
VALUE of INFORMATION
To ensure continuity (going concern) we make use of many resources. The unavailability or impairment of some resources will threaten continuity and affect our chances of success and sometimes our chances of survival. One of these important/critical resources is information.
We can consider the ‘intrinsic” value of information as the cost of acquiring, the means for storing, structuring, maintaining and delivering the information (computer systems).
The “consequential” value of computerized information is the potential loss (revenue, ability to service) if the information was destroyed/corrupted or could not be delivered on time.