Chuck Hollis (VP EMC) explores the idea of quantifying financially a corporation BigData:
Generationally, we have not been trained to think of information as money.
At one of the spectrum, traditional IT organizations view massive amounts of information as a cost, a risk, or perhaps both.
And at the other end of the spectrum, many business users have fallen into the lazy habit of thinking in terms of silver-bullet applications that somehow magically deliver the right information at the right time, without going deeper to understand the nature of the information behind these convenient applications.
Somewhere in the middle of these two extremes is a potential treasure trove of information-based value waiting to be unlocked for those that go looking.
Hollis ends his post with an apt question: “should information be on the balance sheet?”. Do you think there’s any enterprise doing it already? Or do you think we will get there? The whole perspective on the IT departments would change if information would be part of the balance sheet.
Original title and link: Is BigData Financially Quantifiable? (NoSQL databases © myNoSQL)