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Infonomics II

Business Information Management and Measurement

Douglas B. Laney

Even decades into the Information Age, accounting practices yet fail to recognize the financial value of information. Moreover, traditional asset management practices fail to recognize information as an asset to be managed with earnest discipline. This has led to a business culture of complacence, and the inability for most organizations to fully leverage available information assets.

This second course in the two-part Infonomics series explores how and why to adapt well-honed asset management principles and practices to information, and how to apply accepted and new valuation models to gauge information’s potential and realized economic benefits. In addition, the course will enlighten students on the critical but confounding issues of information ownership, property rights, and sovereignty. The course will wrap up with an overview of emergent roles for the information-savvy organization of the 21st century.

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What's inside

Syllabus

Course Orientation

Module 1 Managing Information as an Asset

Module 2: Measuring and Accounting for Information

Module 3 Privacy, Rights, Ownership, and Sovereignty

Module 4 Roles and Organization Structure

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Teaches learners how to measure and account for information, which is standard in today's business environment, particularly for compliance purposes

Taught by Doug Laney, who coined the term Infonomics and is a well-known author and speaker on the financial impact of information

Explores how to manage information as an asset, which has become increasingly critical due to the growing volume and importance of data

Examines the legal and ethical considerations of information ownership, property rights, and sovereignty, which can be complex and challenging in the digital age

Suitable for professionals who need to understand the financial value of information and how to manage it effectively, particularly those in finance, accounting, and information management

Requires students to have a basic understanding of accounting principles and practices, which may be challenging for those without a background in these areas

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Reviews summary

Recommended data valuation course

Learners say that Infonomics II: Business Information Management and Measurement is a great course for people who want to understand data valuation. Reviews mention that the course is interesting and engaging, and they highly recommend it.

Learners find the course content interesting.

"Very interesting course for all interested in Information, and how to evaluate information value."

Many learners recommend this course.

"Great course! Highly recommended for people who want to understand data valuation. "

"I would absolutely recommend."

One learner did not receive their course completion certificate.

"I'm not got my certification of my course completion"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Infonomics II: Business Information Management and Measurement with these activities:

Review concepts of asset management

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Revisit the core principles of asset management to strengthen your understanding of how information can be treated as an asset.

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Review textbooks or articles on asset management practices
Recall key concepts such as asset valuation, depreciation, and risk management

Read 'The Economics of Information' by Michael Spence

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Gain a deeper understanding of the economic value and implications of information in modern organizations.

View Permacrisis on Amazon

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Read the book thoroughly.
Summarize key concepts and theories.

Review accounting practices

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Refresh your foundational understanding of accounting practices to enhance your comprehension of the course material.

Browse courses on Accounting Fundamentals

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Review introductory accounting textbooks or online resources
Practice solving fundamental accounting equations and problems

Seven other activities

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Review linear equations and matrices

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Strengthen your fundamentals in linear algebra to enhance your understanding of information management.

Browse courses on Linear Equations

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Revisit the concepts of linear equations and matrices.
Solve practice problems to reinforce your understanding.

Organize and review course materials

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Stay organized and maximize retention by compiling and reviewing notes, assignments, and resources from the course.

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Gather all course materials, including notes, assignments, and quizzes.
Review materials regularly to reinforce learning.

Explore case studies on information management

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Gain practical insights into how organizations leverage information as an asset through real-world examples.

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Identify and analyze case studies of successful information management practices.
Extract key principles and best practices.

Attend industry conferences on information management

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Connect with professionals in the field to exchange ideas, learn about emerging trends, and expand your knowledge.

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Identify and register for relevant industry events.
Attend sessions and engage with speakers and attendees.

Practice valuing information assets

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Develop proficiency in applying valuation models to quantify the economic benefits of information.

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Utilize online tools or resources for valuation exercises.
Analyze real-world examples and case studies.

Contribute to open-source information management projects

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Enhance your practical skills by participating in open-source initiatives related to information management.

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Identify suitable open-source projects on platforms like GitHub.
Contribute by reporting issues, writing documentation, or developing code.

Design an information management framework

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Apply your knowledge to create a practical framework for managing information effectively within an organization.

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Research and gather industry best practices.
Develop a customized framework tailored to your organization's needs.
Present your framework to stakeholders for feedback.

Career center

Learners who complete Infonomics II: Business Information Management and Measurement will develop knowledge and skills that may be useful to these careers:

Chief Information Officer

The Chief Information Officer is responsible for overseeing an organization's information technology systems. This course can assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Chief Information Officer

Chief Knowledge Officer

The Chief Knowledge Officer is responsible for managing an organization's knowledge assets. This course can assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Chief Knowledge Officer

Information Architect

An Information Architect designs and builds the structure of an organization's information systems. Taking this course can aid those in this position by providing an understanding of how to apply accepted and new valuation models to gauge information’s potential and realized economic benefits.

See salaries and explore the career path for Information Architect

Information Technology Manager

The Information Technology Manager is responsible for planning, implementing, and maintaining an organization's information systems. This course can assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Information Technology Manager

Data Scientist

Data Scientists gather and analyze large amounts of data to identify trends and patterns. This course can benefit those in this career by providing insights into how to value information's potential and realized economic benefits, as well as how to manage information as an asset.

See salaries and explore the career path for Data Scientist

Information Security Analyst

An Information Security Analyst is responsible for protecting an organization's information systems from security breaches. This course can help those in this career by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Information Security Analyst

Product Manager

Product Managers are responsible for planning and developing new products. This course can benefit those in this career by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Product Manager

Management Consultant

Management Consultants advise businesses on how to improve their operations. This course can benefit those in this career by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Management Consultant

Market Research Analyst

Market Research Analysts conduct research to identify and understand the needs of customers. This course can be beneficial to those in this career by providing insights into how to value information's potential and realized economic benefits, as well as how to manage information as an asset.

See salaries and explore the career path for Market Research Analyst

Business Analyst

A Business Analyst works with businesses to identify and solve problems. This course can be beneficial to those in this role by providing insights into how to value information's potential and realized economic benefits, as well as how to manage information as an asset.

See salaries and explore the career path for Business Analyst

Information Management Consultant

Information Management Consultants advise organizations on how to manage their information assets. This course may assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Information Management Consultant

Knowledge Management Specialist

Knowledge Management Specialists are responsible for managing an organization's knowledge assets. This course may assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Knowledge Management Specialist

Data Governance Manager

The Data Governance Manager is responsible for ensuring that an organization's data is used in a consistent and ethical manner. This course may assist those in this role by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Data Governance Manager

Sales Manager

Sales Managers are responsible for leading and managing sales teams. This course can benefit those in this career by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Sales Manager

Project Manager

Project Managers are responsible for planning and executing projects. This course can benefit those in this career by providing knowledge of how to manage information as an asset, measure and account for information, and understand the critical issues of information ownership, property rights, and sovereignty.

See salaries and explore the career path for Project Manager

Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Infonomics II: Business Information Management and Measurement.

The Real Work of Data Science

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Provides a practical framework for measuring the value of information. It must-read for anyone who wants to understand how to quantify the benefits of information assets.

Infonomics II

Business Information Management and Measurement

What's inside

Syllabus

Good to know

Save this course

Reviews summary

Recommended data valuation course

Activities

Career center

Reading list

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