What price information? Available to Purchase

Many people are trying to tackle the cost and value issues arising from the information age in which we now live, including the profession of information and records managers, who have been wrestling with the problem for longer than most. They are now being joined by publishers, broadcasters, entertainers, creative artists, abstractors, research organisations, financial institutions and computer hardware and software suppliers. All have an urgent need to find ways of storing, valuing, trading and invoicing products and services that comprise no physical content but are pure information. In this article the author explores ways of valuing information two of which are based on its availability or proximity and the effect that having the information has. He concludes that whilst putting a price or value on information is very difficult there must be a value to it, as the effect of not having information can readily be observed.