datatocost
Datatocost is a conceptual framework and a term used to describe the process of assigning a monetary value to data, considering its various attributes and potential uses. It acknowledges that data, while often intangible, possesses inherent economic value that can be quantified. This valuation is crucial for businesses and organizations seeking to understand their data assets, make informed decisions about data management, and explore opportunities for monetization.
The cost associated with data can be categorized in several ways. This includes the cost of acquisition,
Conversely, the value derived from data, which datatocost aims to quantify, can manifest in multiple forms.