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A liquid data asset is a cohesive set of data that a company has made accurate, available, combinable, relevant, secure, and readily usable for future value creation. Highly liquid data assets help companies exploit their dynamic capabilities to sense and seize business opportunities and transform organizational structures and resources accordingly. This exploitation in turn causes data assets to grow and improve. In this briefing, we explore the relationship between a company’s dynamic capabilities and its liquid data assets using the case of information solutions provider Healthcare IQ.