What is the best value that should be assessed when evaluating the worth of an i

Question

What is the best value that should be assessed when evaluating the worth of an information asset to the organization—replacement cost or lost income while repairing or replacing? Discuss with your classmates potential worth of certain assets such as client data and transactions. What should be considered when determining these values? You may also discuss some of the laws that have also been discussed in this learning plan that may also apply to determining whether or not specific assets can be ignored.

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Explanation / Answer

Answer:

The best value that should be assessed while evaluating the worth of an information asset depends on the type of organization and the type of information assets it uses. Both aspects can be equally important depending on the type of job an organization does. A business may have an information asset that generates a lot of revenue, for some organizations, a lot of revenue depends on a particular asset, they may also be important to service delivery. In such cases, lost income is important. In other cases, organizations may be carrying unique assets that are highly valuable. Such machines/assets may be worth more than their cost as spare parts for such machines may not be easily available. In such cases, replacement costs need to be taken into consideration. .

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