From MIT CISR
Abstract:
Over a decade of collaboration between MIT CISR researchers and the MIT CISR Data Research Advisory Board has produced a research model that explains how organizations translate data assets into financial performance. The model traces a causal chain from core data capabilities through liquid data assets, organizational data democracy, and effective monetization initiatives to measurable business outcomes. Data Board leaders bring this model to life through three principles: (1) managing data assets as products with dedicated owners and lifecycles, (2) mobilizing data monetization across the organization, and (3) systematically realizing value through disciplined measurement and income statement accountability. Organizations embracing these principles unlock competitive advantage and maximize their data investment returns.
Publication date:
Publication type: Talking Points
Publication authors:
Nick van der Meulen
,
Barbara H. Wixom
