QUESTION 9 OF 30

In your opinion, is data a true asset for a business? Why or why not?

Many companies still struggle with the idea that their data is a real asset when it comes to their business. The interviewer would like to know that, if a client asked you about the importance of their data, that you would give a well-thought-out and appropriate response. Share with the interviewer why data is indeed an asset.

"Since acquiring data comes with a significant cost, I believe it is fair to say then that data is an asset. Data can give precious insight into a company's operations, financial strength, future scalability, and more. By properly analyzing data, a company can open itself to millions in growth. For these reasons, I absolutely consider data to be a true business asset."

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Thomson Reuters Mock Interview

In your opinion, is data a true asset for a business? Why or why not?

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30 Thomson Reuters Interview Questions & Answers