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Can you account for the value of data in your business?

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Can you account for the value of data in your business?

While IT staff talk about 'data as an asset' rather glibly in the boardroom, the value of digital information in an organisation is interpreted quite differently from the accounting department's perspective. Traditionally data could be quantified in terms of traditional storage, backup, data recovery and in-house management costs, but there are questions abound about its actual recognition as a value asset in the field of accounting. How do you manage data from a tax perspective? How do you measure the value of data throughout its useful life cycle? Importantly, how do you credibly depreciate these data assets on the balance sheet?


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Published in Analytics & BI
Tagged under
  • data value
  • tax
  • information asset
  • accounting standards
Gary Allemann

Gary Allemann

Gary Allemann is passionate about Information Communication Technology (ICT) and more specifically data quality, data management and data governance. His introduction to the field of ICT was cemented with the completion of a Bachelor of Science degree (Hons) at Rhodes University which saw him enter the workplace in 1993 where he secured a position at First National Bank as a programmer. In 1996, Gary moved on to Dimension Data where he began to be more intimately involved with master data management as a Dimension Data CRM specialist. In 2001, Gary moved onto ILC Lerumo, a company that provides asset management and logistics consulting services to the defence and manufacturing industries, as a sales and marketing manager. In 2003, armed with 10 years’ experience, Gary formed Master Data Management, a business that provides specialist solutions for data governance, data quality, data integration and MDM. Leveraging the international expertise of its vendors including Harte-Hanks Trillium Software and Global Data Excellence, MDM has provided solutions for a range of clients in financial services, government, mining and telecommunications.

Website: www.masterdata.co.za

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