Data Assets

Data Assets can be anything that generates data for decision making which ultimately generates revenue for the organization.

We discussed Data Catalog, Data Dictionary and Data Glossary. Data Assets are the perfect Business Case for having the above-mentioned 3 Ds, as One must know what the data is all about and where it is residing. For Data-Driven companies, Data Assets are the most valuable artifacts which can be systems, websites, portals, mobile applications, output excel files, dashboards, reports, campaigns etc.

Facebook, Google, Twitter etc. are the best examples of which use its data as an Asset to run their businesses.

There are multiple ways to maintain Data Assets.

• Cutdown Cost of Data Management by deleting/ purging unnecessary data.
• Make max value out of it by selling it to Generate Revenue
• Manage Data Catalog
• Protection and Security Measures

‘In nutshell, Data Assets are those datasets which has ROI and are able to general revenue.’