QUANTITATIVE AND FINANCIAL MEASUREMENT OF THE VALUE OF INFORMATION

Abstract

The growing awareness of information cannot be overemphasized; nevertheless, there is the question of how to evaluate thevalue of information. This paper is a theoretical framework which determines the quality of information content with respectto financial and quantitative valuation. The framework identified information as one of the most important asset of anorganization. The paper also equates the value of information to the damage that envisaged if such information is notapplied. More so, the value information can also be determined by the individual using the information. This research alsoclarified the concept of information as misunderstood and finally the measures of the value of information can be trulydetermined based on the purposes of the information.

Keywords: Information, organizational asset, market value, Value of Information (VOI).1. INTRODUCTION