Data Assets

Our definition of what a Data Asset was

A data asset is a piece of data, such as an address or a customer. It can be a single, simple data field e.g. the postcode of a customer’s home address or it can be a complex data item, for example a calculated value for, say cost inclusive of VAT.

A data asset will have (for example), the following:

A DescriptionA human understandable (and meaningful) definition
e.g. the postcode of a customer’s registered contact address
A ValueThe contents of the data item, in the correct format
e.g a postcode field might have ‘BS16 7DF’
A Data TypeThe field type for the data item, where it is held, for example Text, Decimal, ENUM, Currency, Floating, Integer
e.g. our Postcode field might be stored in a Text field
A SourceWhere is the data item captured, created or sourced from?
e.g. a CRM system, a 3rd Party Data Feed
An Asset TypeIs it a ‘raw’ type e.g. a data field directly captured during, say, customer onboarding
Or is it a ‘derived’ type e.g. Customer Age based on calculating differnece between Customer’s Date of Birth and a specified date (e.g. Today)
CategorisationA Data Asset might also be classified as to whether it can be shared with 3rd Parties, has restricted visibility, or is Personally Identifiable Information (PII)
Validation Rule(s)The definition might also notes rules to validate the data item
e.g. range of acceptable values, calculation rules or dependencies on other data items
Typical Attributes of a Data Asset