Data as an Asset

The video tutorial explores the concept of assets, highlighting the evolution from physical to digital assets. It defines data, tracing its historical roots and current significance as an intangible asset. The tutorial contrasts data assets with traditional assets, emphasizing data's unique properties like intangibility and multi-purpose use. It discusses valuing data assets, considering financial, achievement, and humanistic outcomes. Practical examples from industries like Rolls Royce and Pearson illustrate data's role in driving growth and success.

What defines an asset according to the text?

How has the concept of assets evolved from the Stone Age to the present?

What is the historical significance of John Grant in relation to data?

In what ways are data assets different from traditional assets?

What are some examples of how data can be used for multiple purposes?

How does data management contribute to the value of data assets?

What role does data play in modern organizations according to the text?