Task 1 (Worth 30 marks)
Research and critically review the relevant literature to determine how organisations can place a value on their data assets and maintain governance over their data assets in order to provide a suitable written response to each of the following sub-tasks supported with an appropriate level of in-text referencing:
Task 1.1 Describe how organisations can place a valuation on their data assets using an infonomics approach. In your answer make sure you provide a comprehensive definition of infonomics and identify and explain two different approaches that organisations could use for placing a valuation on data assets (About 750 words)
- No-harm rule
- Honesty & transparency
- Accuracy and access
To guide your analysis and discussion (about 1250 words).
You may also find it useful for Task 1 to review the following National Press Club presentation by
Professor Graeme Samuel (former Chair of ACCC) on Data Governance is: Your Data: balancing act of consumer protection and benefit of data innovation :-https://youtu.be/RFNGDQyI5TI
|Principle||DGA’s Say||Super Retail Group’s take|
|Honesty & Transparency|
|Accuracy & Access|
|Safety, Security, & De-identification|
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