Word of the Day Daily updates on the latest technology terms | June 21, 2013 "infonomics" Infonomics is a social science that involves studying the production and consumption of information and the transfer of money to produce, sell or obtain it. Simply put, infonomics is the economics of information. Infonomics is based on the idea that information is an enterprise asset and should be counted and managed as such. Just as with economics, there are two main types of infonomics: micro and macro. Microinfonomics focuses on information related to private individuals or businesses. Macroinfornomics focuses on the information ecosystem as a whole. According to the information technology research and advisory firm Gartner, the principles of infonomics have quantifiable potential which should be maximized to help budget IT and business initiatives. People who study infonomics are called infonomists. Quote of the Day Peter Aiken on data as an asset - "If you are an IT, computer science or computer engineering student, you are lucky if you have one course in data. But most students have very little exposure to managing data as an asset." TechTarget, Whatis, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget Copyright 2013 TechTarget. All rights reserved.
Posted on: Fri, 21 Jun 2013 19:06:01 +0000
Trending Topics
Recently Viewed Topics
© 2015