Certainly, if all a company does is accumulate and store data, there is some cost associated with the ongoing management of that data – the cost of storage, maintenance, office space, support staff, etc. This should show up on the balance sheet as a liability. While it’s unlikely that any corporation lists its data as a line item as either an asset or a liability on its balance sheet, there is no doubt that, due to a significant dependence on data to both run and improve the business, senior managers at most organizations certainly rely on their data as much as any other asset. - Read the rest of this entry »