IMT 4127 – Security Management Metrics - Flux vision - The First Big Data - Market Value of Information - Economics Assessment Answer

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Economics Assessment Answer

TASK • Use the data you recorded for Task 2. • If necessary after your presentation in Block II, update/improve your data in the excel file thus it becomes usable (mark changes in the file) • Use all five formulas (IVI, BVI, LVI, PVI, MVI) presented in the lecture on Infonomics to calculate the value of your recorded data (calculation to be done in the excel file) • Discuss in an additional section of your report your results. • What findings did you make? E.g., value of information assets you shared in Eur, Loss of information value due to unintentional sharing of data, etc.) • Discuss what difficulties in performing the calculation did you encounter? How could these be overcome?

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