Yesterday's FT (25 May 2012) has an interview with Doug Laney (Gartner) on the formal valuation of information and the interesting history going back to the 1970s on why information was not recognized as accounting asset class.
The economics of information, or "infonomics" is still not part of the accounting courses at universities, although unlike knowledge, information is a little bit easier to quantify as intangible corporate asset. It can be described as the value of information generated when applied minus cost of acquiring and administering.
Also unlike knowledge - information is an intangible asset which is owned and controlled by the company.
Anyone working on "infonomics"?
URL for FT article: http://www.ft.com/intl/cms/s/0/27476ad4-a6a5-11e1-968b-00144feabdc0...