I recently received a client inquiry that I see flavors of a few times per quarter. The client said they are trying to explore ways to establish information value within their enterprise. Because people often frame data and information as an asset, then shouldn’t we be able to establish its value?
What I share with my clients is that trying to place a monetary value on data and information itself is a red herring and an effort that I highly recommend all avoid – unless you enjoy philosophical exercises that don’t translate to actual business value (Apologies to those that fit in this camp – have fun!).
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