Symantec Corp. announced that information costs businesses worldwide US$1.1 trillion annually, according to its first ever 2012 State of Information Survey. From confidential customer information, to intellectual property, to financial transactions, organisations possess massive amounts of information that not only enable them to be competitive and efficient – but also stay in business. In fact, the Philippine findings of the survey revealed that digital information makes up 73 percent of an organisation’s total value.
“The rapid growth of digital information in the Philippines is inevitable with several national initiatives, including the five year Philippine Digital Strategy,” said Luichi Robles, senior country manager of Symantec Philippines. “In the digital economy, organizations could use the information they produce everyday to serve customers better and increase productivity but the same information could also be a major liability if not properly protected and managed.”