by Angela Guess

A new press release reports, “Alation Inc., the collaborative data company, today announced increased support for Chief Data Officers looking to manage their data as an asset. Alation 5.0 will include new features and a services package to make data asset valuation simple by promoting the adoption of Infonomics. The Alation Data Catalog 5.0 will be the first solution to incorporate these metrics into an enterprise data catalog. These new capabilities further Alation’s commitment to delivering the most complete enterprise data catalog in the market.”

The release goes on, “Increasingly, Chief Data Officers are finding that the adoption of a data catalog is only a starting point for information asset management. By automating an inventory of the data available in an organization, data catalogs track information assets just as one would inventory physical assets for accounting purposes. However, to properly manage information assets, Chief Data Officers require a robust and consistent way to calculate potential economic benefits for every information asset. Standard accounting practices today are limited to physical asset evaluation.”

It continues, “In his newly released book, ‘Infonomics: How to Monetize, Manage, and Measure Information as an Asset for Competitive Advantage,’ Doug Laney, vice president (VP) and distinguished analyst with Gartner’s Chief Data Officer (CDO) Research team, describes how calculating the value of each information asset delivers clarity to complex decisions around data accessibility, data governance and data management.”

Read more at Alation.com.

Photo credit: Alation