There are certain information that may need to be safe guarded and protected at al costs. Such information are usually very critical and crucial and hence therefore having them leaked or obtained by other people may just be the last thing that one may wish for. Such information may have deep consequences when they are at the hands of the wrong people. A good example of such kind of information are those that are government based. Data security is just but one of the many standards that may need to be observed. This is majorly why NIST exists. NIST, which stands for National Institute of Standards and Technology, refers to a requirement codification that all nonfederal systems needs to be in part with so that it can be able to process, store or even transmit CUI, or in other words; Controlled Unclassified Information for the systems. This therefore means that NIST is indeed very important and some of the reasons to back this up have been stated below in this website.
One reason as to NIST is important is because they help provide certification of standards for certain products and items. It is only through NIST that you may be able to get a certificate that will prove to everyone that whatever you are producing is of high quality and better standards. Without this certification, it may be very hard for customers to be convinced that your products are indeed good to consume. Customers are always after prove that whatever they consume is indeed good for them and that is why you will indeed have to make sure that you have the certification. Without out it it may become very hard to operate your business and most importantly, it may be difficult to even sell the products.
NIST sp 800-171 also ensures that the industrial competitiveness between various industries does not lead to production of harmful products to the public. Because there is a regulatory body that aims to ensure that there is a standard of how products may need to be, it is therefore very true to state that this will help reduce the chances of companies and organizations producing products that are of very high quality and those that are harmful to the public as a result of wanting to have better sales that other companies. With the standards of how certain products need to be, companies will not only compete fairly, but also produce goods that are good for consumption. Learn more about compliance here: https://en.wikipedia.org/wiki/Federal_Acquisition_Regulation.