Valuing Data is popular PDF and ePub book, written by Dewey E. Ray in 2018-05-25, it is a fantastic choice for those who relish reading online the Computers genre. Let's immerse ourselves in this engaging Computers book by exploring the summary and details provided below. Remember, Valuing Data can be Read Online from any device for your convenience.
Valuing Data Book PDF Summary
The past decade has seen a dramatic increase in the amount and variety of information that is generated and stored electronically by business enterprises. Storing this increased volume of information has not been a problem to date, but as these information stores grow larger and larger, multiple challenges arise for senior management: namely, questions such as "How much is our data worth?" "Are we storing our data in the most cost-effective way?" "Are we managing our data effectively and efficiently?" "Do we know which data is most important?" "Are we extracting business insight from the right data?" "Are our data adding to the value of our business?" "Are our data a liability?" "What is the potential for monetizing our data?" and "Do we have an appropriate risk management plan in place to protect our data?" To answer these value-based questions, data must be treated with the same rigor and discipline as other tangible and intangible assets. In other words, corporate data should be treated as a potential asset and should have its own asset valuation methodology that is accepted by the business community, the accounting and valuation community, and other important stakeholder groups. Valuing Data: An Open Framework is a first step in that direction. Its purpose is to: Provide the reader with some background on the nature of data Present the common categories of business data Explain the importance of data management Report the current thinking on data valuation Offer some business reasons to value data Present an "open framework"—along with some proposed methods—for valuing data The book does not aim to prescribe exactly how data should be valued monetarily, but rather it is a "starting point" for a discussion of data valuation with the objective of developing a stakeholder consensus, which, in turn, will become accepted standards and practices.
Detail Book of Valuing Data PDF
- Author : Dewey E. Ray
- Release : 25 May 2018
- Publisher : CRC Press
- ISBN : 9781351388771
- Genre : Computers
- Total Page : 127 pages
- Language : English
- PDF File Size : 9,9 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Valuing Data by Dewey E. Ray, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.