Developing a pragmatic, cost-efficient and enterprise-grade software solution to solve these challenges is becoming a necessity for most organizations,” says Mr. Stéphane Croisier, RSD Sr Product Manager, managing this CTI Research Project
Geneva, Switzerland (PRWEB) December 04, 2013
RSD, a leading provider of information governance solutions for the enterprise, today announced a partnership with the Geneva School of Business Administration (HEG-Geneva), part of the University of Applied Sciences of Western Switzerland, on a joint initiative on the emerging discipline of Infonomics.
The main objective of the Infonomics project is to apply accounting principles to information assets in a transparent and automated way. RSD plans to integrate this new information valuation model into its market leading information governance solution, RSD GLASS®, in order to address the emerging market of "Information Asset Management."
Infonomics is a recent term to describe the emerging discipline of quantifying, managing and leveraging information as a formal business asset. Infonomics endeavors to apply both economic and asset management principles and practices to the valuation and handling of information assets. Norm ISO 27001 proposes an information asset valuation based on qualitative dimensions related to security of information such as level of confidentiality, integrity and availability, but does not include a financial evaluation of information.
A recent analysis from Ocean Tomo has demonstrated that from 1975 to 2009, the proportion of intangible assets has grown from about 17% to 81%, mainly due to the value of information playing an increasing role. Other market analysis have also demonstrated that a large percentage of high executives believe that their company’s information asset value are not correctly represented in their balance sheet. Many times, information is often absent as an asset class and not recognized as a specific intangible asset.
“In the past years, a few models have been developed either focusing on the valuation of quality attributes of information or on the financial valuation of information in terms of costs, market price or potential revenue generation. But until now, none of them combines the two approaches and this project will fill the gap. It will offer an innovative and multidisciplinary methodology in developing an holistic information valuation model," say Mrs. Basma Makhlouf Shabou, PhD University of Montreal, (CTI Deputy Manager of the Project) and Mrs Nathalie Brender (Research Partner), HEG-Geneva Professors.
An information governance platform helps a company better value and depreciate their information assets over time and automate the creation of supplemental appendix to the corporate accounts. Improving information economics and justifiable disposition of irrelevant content is rapidly becoming imperative for most organizations.
“As the volume of information continues to increase, business users face greater challenges to extract value, IT costs go beyond budgets, and risks increase. Developing a pragmatic, cost-efficient and enterprise-grade software solution to solve these challenges is becoming a necessity for most organizations,” says Mr. Stéphane Croisier, RSD Senior Product Manager responsible for managing this CTI Research Project.
By combining the skills of the Geneva School of Business Administration based on a strong expertise in information archival and intangible asset valuation techniques, the practical experience and needs of the International Committee of the Red Cross, the archives of the State of Geneva, the archives of the State of Wallis, and the information governance platform developed by RSD, this project will represent a unique opportunity to join all expertise in a coherent research project which will ultimately strengthen the RSD leadership on the market space.
“This approach is fully innovative because it will be the first time that a comprehensive information valuation model will be developed conceptually and operationally, and integrated into a high-end proven information governance platform RSD GLASS, which already manages the lifecycle of a large number of information assets for global organizations,” says Mr. Pierre Van Beneden, RSD CEO.
The availability of the Infonomics module of RSD GLASS will be announced when the project results are presented to the market.
Founded in 1973 in Geneva, with offices in North America: New York and Boston; in Europe: Geneva, Paris, London and Madrid; and in Asia-Pacific: Singapore and Sydney, RSD is the leading provider of information governance (IG) solutions for the enterprise. RSD products help companies reduce operating costs and risk exposure through robust information governance programs that span multiple jurisdictions and decades-long lifecycles. RSD solutions for information governance, output management, and document archiving and retrieval support millions of users worldwide. Our products and services are offered around the globe – both directly and through strategic business partners. http://www.rsd.com
About the Geneva School of Business Administration (HEG-Geneva) of the University of Applied Sciences of Western Switzerland
The HEG-Geneva is part of the University of Applied Sciences (UAS) of Western Switzerland network, which hosts some 19,000 students. The strength of the UAS network is one of the HEG’s major assets. HEG-Geneva is the only business school of the UAS network to offer four programs linked to economics and services, in particular Economics and Management, Business Information Systems, Information Science and International Business Management. http://www.hesge.ch/heg