VALUATION OF DATA

• US 20130151423A1
• Filed: 12/09/2011
• Published: 06/13/2013
• Est. Priority Date: 12/09/2011
• Status: Abandoned Application

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Schmidt, Robert, Fisher, Jennifer T.
• Application Number:
  US13/316,055
• Publication Number:
  US 20130151423A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06F 16/215 Improving data quality; Data cleansing, e.g. de-duplication, removing invalid entries or correcting typographical errors
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Systems and methods that provide for valuing data are discussed herein. These systems and methods can provide for determining an initial measure of value of the data asset and calculating a baseline monetary ratio based at least in part on the initial measure of value. Additionally, the innovation can include measuring one or more quality factors associated with the data asset, measuring a utility associated with the data asset, calculating a new measure of value of the data asset based at least in part on the baseline monetary ratio, the utility, and the one or more quality factors, and reporting the new measure of value.

Claims

1. A system that facilitates valuation of a data asset, comprising:

at least one processor coupled to a memory, the processor executes instructions associated with;

a data value management component that determines a measure of value of the data asset, wherein the measure of value is determined based at least in part on a baseline monetary ratio and a non-monetary measure of quality based on one or more factors; and

a communication component that outputs the measure of value.

2. The system of claim 1, wherein the baseline monetary ratio is based at least in part on an initial measure of value.

3. The system of claim 2, wherein the initial measure of value is based at least in part on one or more of a cost of gathering information associated with the data asset or information technology (IT) expenditures over a fixed period of time.

4. The system of claim 1, wherein the one or more factors comprise an accuracy of the data asset.

5. The system of claim 4, wherein the accuracy is determined based at least in part on an audit of at least a portion of the data asset.

6. The system of claim 5, wherein the data value management component comprises an audit component that determines the subset of the data asset.

7. The system of claim 1, wherein the one or more factors comprise a measure of use of the data asset.

8. The system of claim 7, wherein the measure of use is based at least in part on a number of accesses of the data asset during an evaluation period.

9. The system of claim 1, wherein the data value management component comprises a monitoring component that monitors the data asset to determine information associated with the one or more factors.

10. The system of claim 1, wherein the data value management component comprises a valuation component that compares the measure of value to at least one historical measure of value of the data asset.

11. The system of claim 1, wherein the data value management component comprises an analysis component that determines at least one trend based on at least one of the measure of value or the one or more factors.

13. The method of claim 11, wherein the initial measure of value is based at least in part on one or more of a cost of gathering information associated with the data asset or information technology (IT) expenditures over a fixed period of time.

14. The method of claim 11, wherein the one or more quality factors comprise an accuracy of the data asset.

15. The method of claim 14, further comprising:

determining a subset of the data asset to be audited;

auditing the subset of the data asset to measure an accuracy of the subset; and

setting the accuracy of the data asset equal to the accuracy of the subset.

16. The method of claim 11, wherein measuring the one or more quality factors comprises determining a number of accesses of the data asset during an evaluation period.

17. The method of claim 11, wherein reporting the new measure of value comprises reporting a comparison between the new measure of value and the initial measure of value.

18. The method of claim 11, wherein calculating the baseline monetary ratio comprises dividing the initial measure of value by an initial non-monetary measure of quality.

19. The method of claim 11, further comprising determining at least one trend based on at least one of the new measure of value or the one or more quality factors.

12. A method that facilitates valuing a data asset, comprising:

employing at least one computer processor to execute the following;

determining an initial measure of value of the data asset;

calculating a baseline monetary ratio based at least in part on the initial measure of value;

measuring one or more quality factors associated with the data asset;

measuring a utility associated with the data asset;

calculating a new measure of value of the data asset based at least in part on the baseline monetary ratio, the utility, and the one or more quality factors; and

reporting the new measure of value.

20. A system that facilitates valuation of a data asset, comprising:

at least one processor coupled to a memory, the processor executes instructions associated with;

a data value management component that determines a new measure of value of the data asset, wherein the new measure of value is the product of a baseline monetary ratio and a new non-monetary measure of quality based on an accuracy and a measure of use of the data asset, and wherein the baseline monetary ratio is equal to an initial measure of value divided by an initial non-monetary measure of quality; and

a communication component that outputs the measure of value.