The following work presents a methodology of determining the economic value of the data owned by a company in a given time period. The ability to determine the value of data at any point of its lifecycle, would make it possible to study the added value that data gives to a company in the long term. Not only external data should be considered but also the impact that the internal data can have on company revenues. The project focuses on data-driven companies, which are different to the data-oriented ones, as explained below. Since some studies affirm that data-driven companies are more profitable, the indirect costs of using those data must be allocated somewhere to understand their financial value14 and to present a possible alternative for measuring the financial impact of data on the revenue of companies.
Towards Financial Valuation in Data-Driven Companies
