Wednesday, November 13, 2013

Data as a Quantifiable Asset

In a dinner conversation, Tony Jebara pointed out that machine learning is growing since companies --- beyond the internet companies in news ---- are increasingly thinking of the data they have as an asset, to be collected, analyzed widely, and used to make decisions; this is a change from the past where companies looked at data collection, storage and management as a cost, and only a few (sales, analysts) looked at data. This made me wonder: will accountants figure out how to price this asset and write it into the books of the companies (like goodwill, brand, and others)?



Anonymous vzn said...

its already being weighed into (stratospheric) IPO prices or company valuations, wink [facebook, twitter, etc]

2:46 PM  
Anonymous Anonymous said...

or LNKD where the stock price is almost entirely based on the data they have.

3:41 PM  
Anonymous Anonymous said...

I was more thinking about how an accountant (CFO) of a company will formally account for the value of the data in their books, for example, how does it appreciate/depreciate with time. What will be good accounting practices?

-- Metoo

10:50 PM  

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