In the 1930’s when the newly formed SEC demanded that public companies account for their true costs and profits in regular reports, most of their assets were physical – machines, factories, buildings, land – and assessing their value was straightforward. Now the most important assets for many companies are comparatively abstract and may include patents, copyrights and trademarks. Increasingly, a good chunk of the value of a company lies in the fields of a data base and in secret algorithms used to cut and combine data to reveal new insights. Think of Dun and Bradstreet – they only buy and sell information. It is nothing that you can touch.
Determining the value of your data will also determine your budget to protect it. Obviously, the more value it has, the more to be budgeted to protect it.
To learn more, contact Wilson Technology Group or your IT provider.
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