How can I value my data asset?
What do we mean by value? Assets have value. So logically we should be able to agree the value of that asset. Respected metrics to do are understood for finance, people and buildings. These metrics provide some of the framework to manage assets both in terms of their cost to an organisation, and the way that value is demonstrated – be that quantitively and quantitatively. The data asset fails to ascribe to any of those criteria! There's no industry standard or accredited approaches to assessing that value, nor a universal benchmark to cost it. This does raise the question of [...]