QUANTITATIVE AND FINANCIAL MEASUREMENT OF THE VALUE OF INFORMATION

The growing awareness of information cannot be overemphasized; nevertheless, there is the question of how to evaluate the value of information. This paper is a theoretical framework which determines the quality of information content with respect to financial and quantitative valuation. The framework identified information as one of the most important asset of an organization. The paper also equates the value of information to the damage that envisaged if such information is not applied. More so, the value information can also be determined by the individual using the information. This research also clarified the concept of information as misunderstood and finally the measures of the value of information can be truly determined based on the purposes of the information