#CFThursday session on ‘Accounting in the World of Zeros and Ones’ with Na.Vijayashankar (1-Hour)

2021-08-17 12:21:17

One of the most talked-about programs, CyberFrat Thursday allows us to present weekly opportunities to our members to learn from guest speakers over engaging webinars. The topics of discussion range from emerging technologies, cybersecurity trends, and risk management to several developmental elements such as grooming, motivation, resume writing, interview tips, and general soft skills. This Thursday we will have a session on ‘Accounting in the World of Zeros and Ones’ with Na.Vijayashankar.

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About the session:

Data is an enigma. Some have called it “The New oil” because it seems to project unlimited potential for exploitation.

American Airlines last year got a valuation for its “AAdvantage Customer Loyalty Program data” and found that it was an unbelievable $19.5 to $31.5 billion which was many times over the market capitalization of its shares which was around $ 8 billion.

While Investment Advisors debate whether these valuations should also hold good for our own Air India’s Frequent Flyer Program, a silent move is being made by some expert Data Valuers in India to suggest a “Data Valuation Standard” that can guide investors.

Naavi, a veteran Merchant Banker and a pioneer in Cyber Law and Data Protection in India has suggested a “Data Valuation Methodology” that could usher in a breakthrough in a fair valuation of Data as an Asset and bringing visibility to the value of data held by an organization in the financial statements. This  Data Valuation methodology is built on ensuring that “Data” is considered as a distinctive asset class and represented in the balance sheet as different from Fixed Assets, Current Assets and even Intangible Assets.

Under PDPSI, (Personal Data Protection Standard of India), one of the parameters considered for DTS valuation is the “Visibility of Data Value” which requires valuation of data and showing it on the balance sheet.

Naavi will introduce the concept of data valuation and how it can be accounted for in the books of account.

 

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