In a very simple way, it’s all about turning your organizations information into an asset. Ask any company today what their most important asset is aside from people and the answer will be information. Yet almost no company today knows how to recognize their information as an asset. There is a way. It’s called infonomics.
We focus on two core areas to help businesses, small to large, leverage their data by turning it into intelligence and finding ways to monetize their data. We’ve worked on some very interesting projects in this area.
This is a specific methodology we’ve developed to help companies implement the DIKAR model (Data, Information, Knowledge, Action, Results) so they can get the right information to the right people at the right time to make the right decision. Better decisions and better information management means better productivity and improved margins.
Our infonomics practice covers a range of capabilities but the overarching goal is to help your company take advantage of the data and information you collect and process and make it into an asset. You may be surprised how it can impact your company’s valuation and bottom line. We cover:
- Data Asset Methodology & Governance
- Information Governance
- Identifying revenue opportunities from your data / information
- Creating information products to drive new revenues
- Data Asset Valuation
- In / Out Licensing Advisory for information products
- Data Valuations for M&A and Due Diligence