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This report from the Centre for Economics and Business Research (Cebr), discusses the economic arguments for placing ‘data’ as an asset on the company balance sheet and in the wider financial reporting framework.
Data that enable a company to improve customer relations, streamline production or develop new products are providing future economic benefit and should be regarded as assets.
It is increasingly important that firms are able to account for their data. Firstly, regulatory and compliance initiatives are putting greater emphasis on the quality of data and resulting decision-making in the aftermath of the financial crisis.
Secondly, for financial reasons, data that play an increasingly important role in value creation must be recognised if they are to be accorded appropriate priority by company decision-makers.
This report was commissioned by SAS UK & Ireland
For 20 years the Centre for Economics and Business Research (Cebr) has supplied independent economic forecasting and analysis to hundreds of private firms and public organisations.
- Vendor:
- TechTarget ComputerWeekly.com
- Posted:
- Feb 8, 2021
- Published:
- Nov 1, 2013
- Format:
- Type:
- Research Content
