Is data now a genuine tangible and sellable company asset?
Wealth, until about 20 years ago was tethered, officially or unofficially, to a basic formula. With a private company this will be profit and loss, with a public company it will be share price. The real value of a company however came from what it owns or produces. This could be from owning significant numbers of patents on successful products, such as Coca Cola, or owning a considerable amount of a commodity, such as oil, gas or gold, i.e ExxonMobil.
Author: George Hill