In The CPA Journal article, "Managing Data as an Asset", the authors state, "Most businesses have processes in place to manage physical assets or any other assets that appear on their current financial statements. Because data is an intangible asset that is not recognized as an asset by modern accounting standards, it is often not managed as an asset. There is no good reason not to measure and manage data as the asset it is. Turning data into information is probably going to become the most critical operation of every business in the near future, if it is not already. Organizations must begin managing data and the information derived from it as real assets." . First, give your thoughts on this statement (at