Tag Archives: Data Economy

The Art of Data Valuation and the Ten Common Myths about Intangibles Value and Valuation

In 2009 Patrick Sullivan and Alexander Wurzer published a comprehensive list of 10 common myths about the value and the valuation of intangibles in the IAM magazine (if you do not have access to the IAM magazine’s paid content, read Joff Wild’s blog piece about this article). In this blog series we investigate what we can learn for data valuation from this demystification of the value of intangibles. In the first post of the series we started to re-think the myths about price and value of data assets. In the second post we demystified the differences between costs and value of data assets. After these basic thoughts, we start to investigate the concept of valuation. Valuation is the art of determining the value of an intangible asset like a data asset. For the value of tangible assets, the balance sheet and the fair market values are very good information sources. But does this hold true for data assets as well?

Continue reading The Art of Data Valuation and the Ten Common Myths about Intangibles Value and Valuation

Costs and Value – Data Valuation and the Ten Common Myths about Intangibles Value and Valuation

In 2009 Patrick Sullivan and Alexander Wurzer published a comprehensive list of 10 common myths about the value and the valuation of intangibles in the IAM magazine (if you do not have access to the IAM magazine’s paid content, read Joff Wild’s blog piece about this article). In this blog series we investigate what we can  learn for data valuation from this demystification of the value of intangibles. In the first post of the series we started to re-think the the myths about price and value of data assets. It became evident that within the dataeconomy the price and worth of data collections or data items can be very different. In the next step we now demystify the differences between costs and value – is there any  correlation between production costs and commercial value of data assets? And what does this mean for data valuation?

Continue reading Costs and Value – Data Valuation and the Ten Common Myths about Intangibles Value and Valuation

Data Valuation and the Ten Common Myths about Intangibles Value and Valuation? – Price and Worth

In 2009 Patrick Sullivan and Alexander Wurzer published a comprehensive list of 10 common myths about the value and the valuation of intangibles in the IAM magazine (if you do not have access to the IAM magazine’s paid content, read Joff Wild’s blog piece about this article). The authors have a strong background in the patent commercialisation domain. For sure, data collections are different from patent portfolios. But both are (the ultimate?) intangible assets, in both domains valuation is a unsolved challenge. So what can we learn for data valuation from this demystification of the value of intangibles? In this blog piece we start with the first two myths – which help to understand the differences between worth and price of a data item or collection in a data economy.

Continue reading Data Valuation and the Ten Common Myths about Intangibles Value and Valuation? – Price and Worth

The value of data collections

We experience the rise of the knowledge economy and an emerging importance of big data technologies for value creation. Companies start to understand the economic value of creating proper data collections feeding their own products and processes with a unique competitive edge. They realize that the compilation of  proprietary, large-scale data collections will become very important investment projects in future. They will learn to consider data collections as a new kind of asset,  enabling them to extract new value through new and better products and services.

Continue reading The value of data collections