Data Sharing
Assess the value of data to achieve a competitive advantage and business objectives
Type
Functional
Competency Area
Governance and Compliance
Levels
Conduct stock-take of the organisation’s data assets
Identify data assets within the organisation
Determine what constitutes the organisation’s data asset
Define the organisation’s data taxonomy to categorise the data
Assess the value data assets to achieve organisational and business goals
Map out the stakeholders in the organisation’s value chain or ecosystem
Identify potential use cases for organisation's data assets based on value chain mapping
Undertake study of organisation’s stakeholders in its value chain or ecosystem
Able to determine principles of and approaches to data valuation
Able to list out the factors determining the final value of the data assets
Evaluate the net worth of the organisation’s data
Determine if data can be monetised by assessing its purpose, potential benefits and risks
Comply with legal and regulatory considerations during the data valuation processes
Enumerate potential risks associated with data monetisation
Able to undertake different types and methods to conduct due diligence checks on data service providers