"Critical Elements for the Information Enterprise" from The Entrepreneur’s Intellectual Property & Business Handbook

This article is part of a series of book excerpts from The Entrepreneur’s Intellectual Property & Business Handbook , which provides the business, strategy, and legal reference guide for start-ups and small businesses.

 

Information, like any other type of property, has value to the extent that it meets the standards of relevance to the recipient. Relevance may be based in part on exclusivity, but it is also based on the reliability, resilience, and security of the information. Particularly when the information is data rather than entertainment content, these features will determine the success or failure of the enterprise. Without all three elements of validity—reliability, resilience, and security—the information will be suspect.