What is the meaning of infonomics?
What is the meaning of infonomics?
Infonomics is the emerging discipline of managing and accounting for information with the same or similar rigor and formality as other traditional assets and liabilities (such as financial, physical and intangible assets and human capital).
What role does infonomics play in the digital economy?
Infonomics seeks to assign an accurate worth to data assets. As a term, infonomics is just the portmanteau of information and economics, and defined by the capture of real, demonstrable, and asset values of data.
How do you value an asset?
Asset Valuation – Valuing Tangible Assets
- The company needs to look at its balance sheet and identify tangible and intangible assets.
- From the total assets, deduct the total value of the intangible assets.
- From what is left, deduct the total value of the liabilities.
What is a data asset?
Definition(s): Any entity that is comprised of data. For example, a database is a data asset that is comprised of data records. A data asset may be a system or application output file, database, document, or web page. A data asset also includes a service that may be provided to access data from an application.
What is NAV stand for?
Net Asset Value
“Net asset value,” or “NAV,” of an investment company is the company’s total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company’s NAV will be $90 million.
What are the elements of digital economy?
For the successful functioning of the business, three elements or components are required in the digital economy parts: infrastructure (Internet access, software, telecommunications), e-business (conducting business through computer networks), e-commerce (trade, distribution of goods through the Internet).
What is the meaning of green economy?
A green economy is defined as low carbon, resource efficient and socially inclusive.
