risk management

Data can be toxic, here’s how companies should handle it

Data is the lifeblood of the digital economy and represents one of the most valuable assets a company can develop today.

But according to leading security expert Bruce Schneier, “data is a toxic asset and saving it is dangerous.”

Why? Saving data is dangerous because lots of people – including those with nefarious intentions – want it, it’s hard to secure, and once it falls into the wrong hands, the damage can be significant. 

The two types of project failure

There are two types of project failure. You need to manage them differently.

Projects fail. Lots of them. We don’t really know how many, as the statistics vary widely. And most of the statistics are pretty dubious.

They’re gathered using questionable sampling methods. They define failure ambiguously.

And their authors generally have a vested interest in talking up failure rates. They sell solutions to avoid project failure. If there weren’t many failures, they wouldn’t have a job. (I call it the project failure industry.  hey need to create the perception of failure).

Nonetheless, I think it’s fair to say that lots of projects do fail.