Exploring information architecture

Managing data assets isn’t enough; building a solid information architecture is key to maximizing their value and simplifying their use. But what exactly is it, and how does it help? Let’s find out in this section.

Data assets

Data is one of the most valuable assets companies have in today’s economy to compete and grow in the market.

The control of money and the control of things no longer dominate the economy. Today, the real control rests with the flow of information and knowledge. The means of production have shifted to those who can handle and process information. From being organized around the flow of things and the flow of money, the economy is being organized around the flow of information. Increasingly, businesses are knowledge-based and knowledge-driven. (Peter Drucker)

According to the International Accounting Standards Board (IASB), an asset is a “resource controlled by an entity as a result of past...