Appendix A

Measuring the Value of Data

An organization’s data is a unique asset. It encapsulates knowledge about the organization and enables it to function and grow. It cannot be replicated by any other organization (Redman, 1996). Like other assets, data has value and it can be used to create additional value. Data also introduces risks. Its misuse can diminish the effectiveness and overall value of an organization. Despite the fact that data is routinely referred to as an asset, it is also recognizably not like other assets. Unlike money it is not consumed when used and it is not valued consistently. In many organizations, data is not valued in monetary terms at all. Many of the observations I have made about data quality measurement focus ...

Get Measuring Data Quality for Ongoing Improvement now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.