Information asset value quantification

In this paper, we present the development of an Information Asset Valuation (IAV) process to identify factors and attributes which collectively are used to assign value to information asset (InfoA) within a military context. Information asset valuation is composed of a summation of tangible and intangible valuation measures that attempt to quantify how the InfoA supports the organizational mission. We review existing non-military information valuation methodologies used in the accounting and law disciplines to determine their applicability in a military context as well as examine existing military information valuation methodologies to understand the effectiveness of each discipline as adaptable models for IAV. The objective of this work is to identify measures that can account for context, environment, and temporal factors which impact information valuation. A standardized taxonomy of information valuation measures would help improve consistency, reduce uncertainty, promote documentation of information value during the risk assessment process, and enable the aggregation of information asset value in support of higher level decision making processes.