Data Classification That Honors Business Value, Part 2

Why Is Data Valuation Important?
In an excellent article in the MIS Sloan Management Review1, the authors cite three reasons why data valuation is important – to guide decisions around 1) direct monetization, 2) internal investments, and 3) mergers and acquisitions. As noted in a previous article in this series2, there is a fourth reason – to identify the data protection schemes most suited to the enterprise’s data set and thus allow the organization to increase its relative value by decreasing unnecessary operational burdens. Adding information about the value of the data set to the standard data sensitivity classification . . .