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The Value of Data: A Model of Growth as Information Flow

Publisher IDC
Published Sep 30, 2022
Length 7 Pages
SKU # IDC17414701

Description

The Value of Data: A Model of Growth as Information Flow

This IDC Perspective proposes a framework for data valuation in the context of economic value as measured by GDP. We contend that our framework fits the observed past digitization of the economy and can serve as a tool for understanding information density and predicting its future direction. This research can play an important role in guiding long term strategic plans for the creation of digital business, information technology investments, and government policy."While our framework models the macroeconomic underpinnings of growth and enables prediction of the overall value of data, it does not predict firm-level performance. However, our conclusions give greater urgency to understanding the impact of the IDC Global DataSphere and digital transformation efforts, including investments in big data, analytics, AI, and automation technologies and initiatives to raise enterprise intelligence," said Thomas Jackson, research director of IDC's Data Valuation: Industry Perspectives market research and advisory service.

Please Note: Extended description available upon request.

Table of Contents

7 Pages
Executive Snapshot
Situation Overview
Does Data Have Value?
Information Flow as the Source of Economic Growth
Rule of Increasing Information Density
The Value of Digital Data
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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