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Saturday, August 11, 2018

Data as Capital Asset

Looked at this in some depth, with an aim to measure it. And consider also its element of risk.

Data will be a ‘capital asset’ in the future; companies must monetize, capitalize now   By Teryn O'Brien in SiliconAngle.

As the economy begins to become increasingly digitized, big data is becoming a crucial asset for companies and organizations moving forward. It is the currency that will move and influence customers, and companies are wrestling through many questions and challenges as they move forward into a digital transformation in order to capitalize on big data growth.

“We actually are starting to call data a capital asset. It’s not very different from the other things that you have on your balance sheet — there just isn’t a scientific method or an agreed-upon method to really value it yet,” said Varun Chhabra (pictured), senior director of product marketing, storage and analytics, at Dell EMC. “But I am sure that 10 years from now or maybe earlier, just like we have stock exchanges, you could probably have data exchanges where you have data be traded. It’s monetized; it’s valued.”  ... "

Chhabra spoke with Lisa Martin (@LuccaZara), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, and guest host Keith Townsend (@CTOAdvisor), principal at The CTO Advisor, at the Dell Technologies World event in Las Vegas. They discussed the increasingly digitized economy and big data challenges. (* Disclosure below.)   .... "

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