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Data Value Assessment: Recognizing Data as an Enterprise Asset

Title Author(s) Type Topic(s) Comments Date
Data Value Assessment: Recognizing Data as an Enterprise AssetWixom, Barbara H.
Markus, M. Lynne
Research BriefingIT Governance
IT Investment and Portfolio Management
Data Management, Analytics, and Use
Assessing and Communicating IT Value
IT-related Business Risk
Abstract: In order to maximize the value from data, companies must develop approaches to generate value amidst fear and concern related to security breaches, privacy violations, mounting costs, and regulatory constraints. We believe that companies can kick-start or further develop such approaches by conducting a Data Value Assessment (DVA), which we define as a holistic, enterprise-level analysis of data’s costs, benefits, and risks. This briefing describes an approach to DVA at a data asset company from our research, and identifies lessons that other organizations seeking to treat data as an enterprise asset can draw upon.

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