EURIM
Value of Information Subgroup
Valuation of information
assets
Wilco Engelsman Univ of Twente, Information
Assets and their Value, Feb 2007
Literature
study into the definitions and economic attributes of information &
models for info valuation. He identifies
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9
similarities with traditional assets, including Acquired at a definite
measurable cost, Possesses a definite value, Its consumption can be
quantified etc.
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some attributes of Information, including it is expandable,
compressible, transportable, sharable.
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7 laws of info that influence its value
eg value
increases with use (& unused is a liability) & accuracy & when
compared /combined, tends to depreciate over time but is not
depletable and is self generating (the more you use it
the more you have).
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10 different value adding aspects
eg utility /
multiple applications.
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Information value, split by:
- value in use (from info user & use viewpoint, so difficult to
measure objectively)
- exchange value (using classical economic measures)
- with 5 types of info identified (task, domain, problem, problem solving
& outcome info) which should be looked at separately when valuing
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Information Assets: info fits definition better
than other intangibles such as customers or employees eg
it has service potential, generates economic benefits, is controlled by the
org, is the result of past transactions
- Identifying info assets
eg info on: customers,
products, competitors, processes, people, mgt info, legal, suppliers,
organisational info
- Managing info assets: suggests the adoption of the principles of IRM,
typically used for valuing tangible assets
-
Information Valuation methods: differ as
context of the valuation changes
- Risk perspective eg assess controls &
necessary budget for Info Security mgt.
- Historical
Cost Valuation: use cost of collection as base
line + Mgt info (cost of process used to extract it) x No. of users &
No. of uses depreciated by the shelf life of the info & its accuracy.
NB Unused or redundant info has zero value.
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