Implementing the Schmarzo Economic Digital Asset Valuation Theorem
The investments that organizations must make to exploit the Schmarzo Economic Digital Asset Valuation Theorem include:
- Creating a single centralized curated data lake, or collaborative value creation platform, that facilitates the sharing and reuse of the organization's data assets. Curated data is data in which there has been investment to improve the data's cleanliness, completeness, accuracy, granularity and latency, enhanced metadata, and data usage governance to ensure compliance in its use and continued enrichment. The data in the data lake should be cataloged and indexed to support easy accessibility, reuse and refinement with minimal incremental investment.
- Investing in the data science engineering work to create composable, reusable, continuously learning analytic modules where the sharing, reuse, learning, and resulting "refinement" of the analytic modules can be used...
