The Importance of Information Integrity: In a Data-Driven World, Unreliable and Inaccurate Information Can Lead to Bad Decision-Making
What is information integrity? It is the trustworthiness and dependability of information. The credibility of information depends on whether we are getting it from sources we can trust. After all, the value of information to the decision-maker and problem-solver consists first in its integrity, and then in its usefulness and usability. Why? Because, even the best chef knows that you can't make a good omelet out of bad eggs! Consider the emerging trend of big data (see" Big Data" on page 34). According to IBM, people create 2.5 quintillion bytes of data every day (a quintillion is 1 followed by 18 zeroes), and research from International Data Corp. suggests that the world's data volume is doubling every two years. So what are organizations going to do about this unfathomable data accumulation?
Institute of Internal Auditors
Ramamoorti, Sridhar and Nayar, Madhavan K., "The Importance of Information Integrity: In a Data-Driven World, Unreliable and Inaccurate Information Can Lead to Bad Decision-Making" (2013). Accounting Faculty Publications. 86.