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Monetary Valuation of Data in the Context of Accounting

Approaches to data balancing

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The Monetization of Technical Data
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Abstract

Data represent one of the most valuable intangible assets of our time. Although companies parenthetically collect massive amounts of data with high potential value, these assets are seldom reflected in the company’s balance sheet. This article explains existing problems in the context of the valuation and accounting of data that arise from the specific nature of data. For this purpose, the special properties of data are contrasted with existing valuation approaches from accounting. Based on this, suggestions for the modification of existing valuation methods are derived and applied exemplarily to a database. Finally, perspectives for data valuation and accounting are outlined.

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Acknowledgements

The authors gratefully acknowledge funding for the Future Data Assets project (grant number: 01MD19010C) from the German Federal Ministry for Economic Affairs and Climate Action as part of the Smart Data Economy funding program, managed by the DLR project management agency.

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Correspondence to Hannah Stein .

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Stein, H., Maaß, W. (2023). Monetary Valuation of Data in the Context of Accounting. In: Trauth, D., Bergs, T., Prinz, W. (eds) The Monetization of Technical Data. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-66509-1_7

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