Data as a Balance Sheet Asset
I have been asked a series of questions in recent times about the $ value of organisational data and whether it should appear on the company balance sheet as a material asset?
I am interested in others thoughts/perspectives on this, as data is fast becoming an organisations most important asset and how should it be valued..
Commander - Royal Australian Navy
8 年Whilst intellectually I can understand how data is an asset and ergo should be on a balance sheet - but the practicalities of giving it a monetary value (consistently) across businesses, industries and geographies would be tricky. The other complexity is that often data is a multiplier. Back in my military days it would be known as a force multiplier. From a business perspective, data often gets its real value when combined with other data sets (your own or others or both ) to answer complex questions and provide valuable insight. A fascinating subject.
Board Risk Advisor, Non-Executive Director & Author
8 年https://www.computerworld.com.au/ask_a_cio/9/should-critical-organisational-business-data/
I think It is a very illusive topic for CFO, CTO and data management & analytics professionals to think of regardless of the fact whether data as a Balance Sheet item or Board report item. In my opinion, the initial set of challenges to face is how to define the data, which seems to mean different things to different people. The outcome of this challenge will drive the “recognition” and “valuation” of data followed by categorizing Structured, Semi-structured and Unstructured data.
Technologist | Director | FIDO Alliance Member
8 年Thanks all for your feedback so far, much appreciated.