ABSTRACT

This introduction presents an overview of the key concepts covered in the subsequent chapters of this book. The book aids for executives, chief executive officers (CEOs) and business leaders to more fully wield information as a corporate asset, for chief information officers (CIOs) to improve the flow and accessibility of information, and for chief financial officers (CFOs) to help their organizations measure the actual and latent value in their information assets. It provides a set of new ideas, frameworks, evidence, and even approaches adapted from other disciplines to help them transform their organizations. Infonomics is a broad concept first mentioned around the turn of the millennium to express information's increasing behavior and importance as an economic asset. Over the years research is continued and the concept, exploring, relating, and integrating the disciplines of information theory, accounting, asset management, property ownership and rights, measurement, innovation, and economics are developed. As such, infonomics is at once a conjecture and a construct.