InfonomicsTheEconomicsofInformationandPrinciplesof.pdfVIP

The Fifth MIT Information Quality Industry Symposium, July 13-15, 2011 Infonomics: The Economics of Information and Principles of Information Asset Management ABSTRACT Information increasingly is the stuff of our capitalistic cosmos that affects the orbits of so many enterprises. Just because data may be the dark matter that permeates the economy, that shouldn’t stop us from trying to formally measure it and manage it. Imagine any enterprise unable to account for its inventory of finished goods and materials. Yet, this is the unfortunate circumstance for organizations that traffic in or heavily leverage information. Established financial standards and econometric methods fail to enable quantifying this increasingly ubiquitous and admittedly amorphous class of asset. Until they do, or perhaps as a harbinger, this session will illustrate several methods enterprises can and should be using today to formally account for the value of their information assets. BIOGRAPHY Doug Laney Eminence Lead, Deloitte Analytics Institute Deloitte Consulting LLP Doug currently heads thought leadership and marketing for the Deloitte Analytics Institute. Previously he launched and ran the enterprise analytics strategies research and advisory service for the IT analyst firm META Group (now part of Gartner). In this role he advised hundreds of organizations around the world, published over 100 articles and was a regular speaker at industry events on topics from information management to business intelligence. Doug is also considered one of the pioneers in the field of data warehousing, and is an analytic solution innovator. He led the development of the industrys first commercial data warehouse project methodology (still in use worldwide today), and developed ground-breaking methods for online, collaborative, self-service research and benchmarking. More recently, Doug has been asked to join the faculty of the Data Warehouse I