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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Approaches to Valuing Information: Exploratory Research

Approaches to Valuing Information: Exploratory Research
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Author(s): Nicholas L. J. Silburn (Henley Management College, UK) and Jean-Noel Ezingeard (Henley Management College, UK)
Copyright: 2007
Pages: 2
Source title: Managing Worldwide Operations and Communications with Information Technology
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-929-8.ch374
ISBN13: 9781599049298
EISBN13: 9781466665378

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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