14 February 2017

Data Management: Data Asset (Definitions)

[information asset:] "Data in any form or media placed into meaningful context for users, collected in relation to business or research activity." (DAMA International, "The DAMA Dictionary of Data Management", 2011)

"The term data asset refers generically to organizational data, or to any transactional system, data storage system, or application that contains data required for business functions. Any of these systems might be involved in the production and use of data and therefore may affect its quality. Treating data as an asset enables organizations to manage and increase its value. The quality of the data in a system has direct effects on the successful execution of business functions and therefore the success of the enterprise as a whole." (Laura Sebastian-Coleman, "Measuring Data Quality for Ongoing Improvement ", 2012)

[information asset:] "digitally stored content owned by an individual or organization." ( Manish Agrawal, "Information Security and IT Risk Management", 2014)

"Any entity that is comprised of data. For example, a database is a data asset that is comprised of data records. A data asset may be a system or application output file, database, document, or web page. A data asset also includes a service that may be provided to access data from an application. For example, a service that returns individual records from a database would be a data asset. Similarly, a web site that returns data in response to specific queries would be a data asset." (CNSSI 4009-2015)

"Data assets refer to a system, application output file, document, database, or web page that companies use to generate revenues." (CFI) [source]

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