by Lauren Patterson | Dec 3, 2018 | Valuing Data
Business Model Maturity Index methods Last Updated November 26, 2018 The Business Model Maturity Index method, proposed by Dell, assesses the value of data based on their relative contribution to a final outcome. This top-down approach relies on use cases and allows...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Market methods Last Updated November 26, 2018 Market Methods can be used to value data by understanding the user’s willingness-to-pay. Market methods assess the value of data as revealed through markets and experiments or as stated on user surveys. Download Market...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Modified Historical Cost method Last Updated November 26, 2018 The Historical Cost Method treats data as an asset whose value is at least equivalent to the cost of data collection. This method was modified by Moody and Walsh (1999) to account for the unique attributes...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Valuing public data Last Updated November 26, 2018 Public data are collected because they are essential to government function. Whether or not they are freely available to the general public varies between governments. Here we explore what public data are and the...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Moving towards valuation by data purpose Last Updated November 26, 2018 Data are collected for different purposes, shaping their potential value. Here we explore common costs associated with data collection and the impact of different data purposes on its attributes...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Why are data hard to value? Data as derived demand Last Updated November 26, 2018 Nobody wants data just for the sake of data. Data are valued for their end use (derived demand). When data producers and users are the same organization, assessing the value of data is...