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Approaches to Valuing Information: Exploratory Research
Abstract
This paper introduces a piece of exploratory research carried out into issues have identified issues around the use and appreciation of information as an asset by organizations. Drawing on this published information, an interview schedule was developed and used with ten individuals who used and/or were responsible for information. Initial analysis of the findings suggests that organizations still have difficulty with their approaches to information as an asset. The data also suggests that there are some serious cost and efficiency implications resulting from this difficulty. It is also apparent that being able to value information in some way may help to raise awareness of information as an asset and therefore improve the management of information. However an economic approach is not seen as necessarily the best way. Analysis of the interviews is continuing to explore non-economic methods of valuation.
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