What is the best value that should be assessed when evaluating the worth of an information asset to the organization—replacement cost or lost income while repairing or replacing?
There are certain factors that need to be assessed when an evaluation is made about the worth of an information asset. First we have to loot at the type or the organization. This will provide us an overview of the information assets the organization incorporates. If a specific information asset is generating a huge amount of revenue, the lost income is important. On the other hand if an organization has many unique assets that are valuable in terms of revenue generation. These unique assets may be worth more than their cost due to the fact that the parts that need to be repaired are hard to find. Therefore, a consideration of the replacement costs is necessary.