{"product_id":"valuing-data","title":"Valuing Data","description":"\u003cp\u003eThe 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?\"\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eTo 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. \u003cstrong\u003eValuing Data: An Open Framework\u003c\/strong\u003e is a first step in that direction. Its purpose is to:\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eProvide the reader with some background on the nature of data\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003ePresent the common categories of business data\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eExplain the importance of data management\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eReport the current thinking on data valuation\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eOffer some business reasons to value data\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003ePresent an \"open framework\"—along with some proposed methods—for valuing data\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54237513253208,"sku":"9781032095394","price":62.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781032095394_70581014-d451-4717-b5f7-1f842034501d.jpg?v=1778817690","url":"https:\/\/agendabookshop.com\/products\/valuing-data","provider":"Agenda Bookshop","version":"1.0","type":"link"}