Writing Resources
The term information assets was first introduced in the 1994 Hawley Report Within this report Information assets were defined as a collection or single piece of data that is documented organised and managed which has financial value or potential value to a business Information can become out of date inaccurate or irrelevant to a business which causes the value it to depreciate There are many factors that can affect this for example the direction of the business The benefits of information assets are often found in the internal business processes While information assets may underpin important revenue generating activities there may be no benefits in monetary terms However It is essential that assets of any kind whether they are hardware software or information should be protected from criminal or unauthorised access use disclosure alteration destruction and or theft which all result in a loss to the organisation The quality of data that forms the information asset itself is the uttermost priority The quality of information is determined by the following Degree of accuracy Comprehensively Credibility Relevance Simplify Validity
