Measuring investment in data, databases and data science: Conceptual framework

This paper aims to expand the current national accounting concepts and statistical methods for measuring data in order to shed light on some highly consequential changes in society that are related to the rising usage of data. The paper concludes by discussing possible methods that can be used to assign an economic value to the various elements in the information chain and tests these concepts and methods by presenting results for Canada as a first attempt to measure the value of data.