By CISOMAG
Contributed by Jason Bloomberg, President, Intellyx
With all the buzz today about just how valuable data are, I wondered whether we should treat data as a corporate asset – and if so, whether they should go on the balance sheet. Today, data aren’t even treated as an intangible 
asset for accounting purposes.
I had no idea the can of worms I was opening. It turns out many people have asked this question before, both about the value of data as well as of information (more about the difference in a bit). Gartner analyst Doug Laney even wrote a book last year on the subject he named Infonomics, after the field of inquiry he spearheaded on the topic.
His basic idea: shoehorn information into the intangible asset class in standard accounting, thus representing information alongside other intangible assets like copyrights and licenses.
Read the entire article at https://www.cisomag.com/should-data-go-on-your-balance-sheet/
