CGEIT · Question #284
Which of the following is the BEST way to maximize the value of an enterprise's information asset base?
The correct answer is A. Seek additional opportunities to leverage existing information assets. The best way to maximize the value of an enterprise's information asset base is to actively seek additional opportunities to leverage existing information assets.
Question
Which of the following is the BEST way to maximize the value of an enterprise's information asset base?
Options
- ASeek additional opportunities to leverage existing information assets .
- BFacilitate widespread user access to ail information assets
- CRegularly purge information assets to minimize maintenance costs
- DImplement an automated information management platform
How the community answered
(38 responses)- A71% (27)
- B5% (2)
- C16% (6)
- D8% (3)
Why each option
The best way to maximize the value of an enterprise's information asset base is to actively seek additional opportunities to leverage existing information assets.
Seeking additional opportunities to leverage existing information assets involves proactively identifying new ways to utilize data for strategic decision-making, product innovation, market analysis, or operational efficiencies, directly increasing the return on investment and value derived from the collected information without requiring new data acquisition.
Facilitating widespread user access to all information assets can lead to security, privacy, and compliance risks, and doesn't inherently ensure *value* is maximized without proper governance and a clear purpose for access.
Regularly purging information assets is primarily a cost-reduction and risk-mitigation strategy, not a value maximization strategy, as it often removes potentially valuable historical or latent data.
Implementing an automated information management platform is an enabler or tool for efficient data handling and governance, but it doesn't automatically ensure value maximization without strategic initiatives to creatively leverage the data itself.
Concept tested: Information asset value maximization
Topics
Community Discussion
No community discussion yet for this question.