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information asset

An information asset is a body of knowledge that is organized and managed as a single entity.

Like any other corporate asset, an organization's information assets have financial value. That value of the asset increases in direct relationship to the number of people who are able to make use of the information. 

Because information can have a short lifecycle, it tends to depreciate over time as do many other types of corporate assets. The speed at which information loses its value depends upon the type of information the asset represents and how accurate the information can remain over time. In some organizations, information that cannot be used is considered to be a liability.

An information asset can be classified according to any criteria, not only by its relative importance or frequency of use. For example, data can be broken down according to topic, when it was created, where it was created or which personnel or departments use it the most. A data classification system can be implemented to make the organization's information assets easy to find, share and maintain.

See also: IT asset, ghost asset, digital asset management, enterprise asset management, asset liability management

This was last updated in August 2013

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