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Information can be regarded as an asset when

it is used by an organization and adds value.

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Information should be available and adaptable to changing user needs regardless of why, how, where and when it was originally created and independent of what, how, where and when it was intended to be used. It contributes and adds to an organizationís value, due to careful management, storage, improvement, updates, changes, sharing and reuse over time. Information becomes an economically valuable asset because of the collected economical value it contributes with over time is higher than the costs for creation and life cycle management. Information assets are different from other assets since information-assets donít lose value or disappear when they are used. Hence, to optimize the value of information, the overall goal of any IM initiative should be to:

ensure that relevant information always

❦ ❦is available at each point of need for such

❦ ❦information.

ensure that each person, process, or

❦ ❦system in need for such information
❦ ❦easily can make use of the information

❦ ❦for decision or control purposes.

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