{"id":673,"date":"2015-08-11T17:16:55","date_gmt":"2015-08-11T21:16:55","guid":{"rendered":"http:\/\/localhost\/osborne\/?p=673"},"modified":"2021-12-23T06:27:55","modified_gmt":"2021-12-23T11:27:55","slug":"treating-data-as-an-asset","status":"publish","type":"post","link":"https:\/\/www.osborne-group.com\/fr\/treating-data-as-an-asset\/","title":{"rendered":"Treating Data as an Asset"},"content":{"rendered":"

Many of us have been reading about things like \u201cBig Data\u201d and the ability of automated tools to search through enormous volumes of data to find relationships, insights and business opportunities.<\/p>\n

These technical developments have raised the importance of treating data as an asset for an organization to store, manage and use, just as organizations manage and use other assets \u2013 money, human resources, physical facilities. Recognizing and handling data in ways similar to these other assets has real tangible benefits, particularly in the age of Big Data.<\/p>\n

The great thing about thinking about data as an asset is that, unlike other assets, data can be endlessly reused \u2013 using it to drive a set of actionable insights does not deplete it for other use. As a result, the importance of actively managing data becomes more evident.<\/p>\n

The data you collect and process through regular operations, about clients, products, sales, external markets and conditions, and the resources used by the organization, all has additional value for you if you can harness it. But harnessing it means you have to know what data you hold, who has collected it and how; periodically assessing its quality, accuracy and completeness; storing it in a logical way that so it can be retrieved, combined and analyzed. Just as organizations manage people, financials and facilities, they also need to direct time and money to managing data.<\/p>\n

For a more tangible perspective, the following chart shows some of the management tools and processes used to manage different types of assets. As you read it consider that most organizations have strong and robust elements in the first three columns of this chart \u2013 but how many have equal interest, investment and support for the last column? How does your organization stack up?<\/p>\n\n\n\n\n\n\n\n\n
Asset<\/strong><\/td>\nPeople<\/strong><\/td>\nMoney<\/strong><\/td>\nFacilities<\/strong><\/td>\nData<\/strong><\/td>\n<\/tr>\n
Asset Planning (Based on overall business and strategic plans)<\/td>\nHiring plan<\/td>\nBudget<\/td>\nCapital Budget<\/td>\nInformation Technology Plan for data acquisition and storage<\/td>\n<\/tr>\n
Acquisition<\/td>\nRecruiting and hiring processes<\/td>\nSales Plan (Revenue); Fund raising plans and processes (Investment or funding)<\/td>\nCapital Investment plans and activities<\/td>\nSystems Implementation, Development, Enhancements consider data implications; Data definitions, collections responsibilities<\/td>\n<\/tr>\n
Ongoing Management<\/td>\nStaff management; Performance management and reviews<\/td>\nYTD updates; budget updates<\/td>\nScheduled maintenance; ongoing asset tracking and replacement plans<\/td>\nData administration and database administration; Data Quality assessments; Backups and security measures<\/td>\n<\/tr>\n
Policies and Processes<\/td>\nHealth and Safety; Harassment;<\/p>\n

Accessibility<\/td>\n

Professional Standards; Separation of Duties; Expenses<\/td>\nProcurement; Annual Maintenance and Inspection<\/td>\nSecurity; Privacy; Data Access; Archive and Disposal<\/td>\n<\/tr>\n
Systems Support<\/td>\nHR Information Systems<\/td>\nFinancial Systems<\/td>\nAsset Management Solutions<\/td>\nData Management Tools<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\n\t\t\tChristy DeMont<\/p>\n

Information Technology\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>
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