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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Businesses that do a better job of compiling, managing, and making available the information assets are more valued as business partners – and more valued by Wall Street.

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As discussed throughout this book, becoming an infosavy organisation means you are beginning to manage and deploy information with the same kind of discipline as your traditional assets.

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