Understanding which information assets are used by the most processes, are the most critical to business outcomes, have the biggest quality challenges, or present the greatest compliance, security, or privacy risks makes a start to prioritizing information asset management (IAM) activities and initiatives.

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It’s easier to manage what you measure. It’s best to measure what you intend to manage.

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You can’t manage what you don’t measure.
Peter Ducker

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The ability to use, replicate and share data means it cannot be considered in the same way as a physical asset with an “owner”. Rather, it is important to think of rights, roles, responsibilities and limitations for those who access data in the various processes from collection, use, sharing and storage.

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But in a formal accounting and economic sense, a liability is an asset owed to another entity. In this case, information fails the definition of a liability. Although information is increasingly liquid, it rarely if ever is something owed to someone else.

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All information has a probable future economic benefit.

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First, forget what accountants say, and listen to what the market is saying.

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