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Big Data: How can I assess the value of my data assets?
GR
GR
Günter Richter, Data Strategy and Business Change Professional answered:

I have been helping clients design, build, and deploy data platforms for many years. Initially on premise, but now in the cloud. This is a really good question. My immediate thought is, yes, there is value in this data. The more difficult one to answer is where and how? The obviously answer is monetisation i.e. what would people or organisations be willing to pay for this data. More importantly, is this my data (vs. customer data) to sell? The data may also represent your intellectual property or be your "secret sauce" so you might not necessarily want to sell it. It is then worth asking questions like "what would the impact on my organisation be if I did not have this data?" or "what would the impact on my organisation be if my competitors had this data?". Hopefully this has given you some ideas. Feel free to book in a call if you have any questions or would like to delve into the detail.

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