Definition - What does Infonomics mean?

Infonomics is an enterprise management and organization concept that calls for valuating and accounting for data/information as an asset, similar to other enterprise assets. It considers data assets on the same terms as other organizational assets such as physical, human, financial and capital.

Techopedia explains Infonomics

Infonomics enables in building infocentric organizations that curate, manage and prioritize data and information as an organizational asset. This requires formally accepting, recognizing, valuating and managing data as a business asset. Typically, infonomics focuses on building organization architecture, hierarchy and governance strategy with a focus on data assets. The infonomics approach enables the organization to quantify and leverage the business value out of the entire set of data assets the organization owns.

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