Information as an asset to a company

20 pts.
Information management
What information should be considered as an asset to the company?

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Assets are accounting term for companies every company has two assets like fixed assets as a company building if owned, office furniture, PC, Macs and many other things which you own as company purpose
Another part of liquid assets as cash, account, receivable bills and inventory.
All assets should you have more then one year

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  • Joeprior

    Financial information can be considered as an asset for organization. It depend on the quality of asset which depends on the accuracy of the correct information which remains for a long time.

    500 pointsBadges:
  • Jaideep Khanduja
    Any information related to investments, purchases, legal, stakeholders, R&D, and employees must fall into this bucket.
    19,590 pointsBadges:
  • SWeissman
    The preceding answers are certainly correct, but the question goes deeper than that because, in my book, any information that can be used to advance the organization -- or damage it, if fallen into the wrong hands -- qualifies as an asset!

    Non-money related examples include prospect lists, customer buying behaviors, sales patterns -- in short, anything you might think of as being part of, say, the landscapes for Big Data or Business Intelligence.
    595 pointsBadges:
  • Fraser12
    Any type of information is considered as an asset for business. However, financial information should be made secret.
    40 pointsBadges:
  • Kevin Beaver
    The real question is, what has management decided needs to be protected? And how are they protecting it? Many organizations attempt to protect everything which is a big mistake (it's too expensive and takes too long). A common oversight is people not sitting down and thinking about what types of information they have and how it needs to be managed. Here's a paywalled piece that I've written on the subject as well as my thoughts on why data classification is a joke in most organizations.
    27,525 pointsBadges:
  • Subhendu Sen
    Go for an Audit for your company and also make an IT Audit. From this audit report you can get a clear picture about assets/liabilities.
    141,290 pointsBadges:
  • thecontentwrangler
    Content is a business asset but it is not (according to accounting experts I spoke with) added to the balance sheet and assigned some monetary value. There are information management experts working to change this.
    10 pointsBadges:

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