Data as an asset

Where data are controlled by a company as a result of past events, and this right that has the potential to produce economic benefits, the data is an asset of the company.

Since rights having the potential to produce economic benefits are not only rights over physical objects or rights to use intellectual property but ones taking many forms.

While producing economic benefits is not to be certain but possible beyond its availability to all others around.

Source: Conceptual Framework for Financial Reporting