Information Economics: A Practical Approach to Valuing Information Systems

Authors

Devra Wiseman, Devra Wiseman Associates, Leatherhead, UK

Document Type

Research Article

Abstract

This paper describes an approach to analysing the value of information systems to an enterprise, and the risks that the value will not be realised. The approach is called Information Economics (IE). A key use is to prioritize investments in information systems. It brings together business and technology managers, by providing, at one level, a tool they can use for scoring systems. At another level, it offers a decision-making process that provides a number of key benefits, such as improved communications. Two case studies, from the public and private sectors, show two different, practical uses of the Information Economics approach, and how it can be adapted to different organizations.

DOI

10.1177/026839629200700306

Recommended Citation

Wiseman, Devra (1992) "Information Economics: A Practical Approach to Valuing Information Systems," Journal of Information Technology: Vol. 7: Iss. 3, Article 6.
DOI: 10.1177/026839629200700306
Available at: https://aisel.aisnet.org/jit/vol7/iss3/6