the newborn newness of new information
New Information must be “made Real” and then “converted to Utility” to be a Asset that is demonstrably useful.
Creating a Data Asset Involves Six (6) Phase States:
State A: Uncollected data exists in a “wild” state; when collected it is “raw” data.
State B: Raw data must be collected, and must occur to produce data sets for analysis.
State C: Dollar Value of Services (collating, analyzing, reporting to convert to utility).
State D: Converted Value = net result of conversion from a wild state to a utility state.
State E: Utility Value = Dollar Value assigned by society for buy/sell trading purposes:
(E4) Privately defined
State F: Tax Credit Value = Dollar Value assigned by tax authorities.
Inno-2) Cost of Data Collected
A new Financial Statements line-item
Inno-3) Rewarding Data Creator-Donors
Intangible Data Donors must obtain Value to have Incentive to Donate