raw facts that describe the characteristics of an event or object. includes skills, experience, and expertise has been converted into something meaningful with a useful context. is used by computers and machines a data characteristic (or container) that stands for (or holds) a value that changes over time. an asset of this type is also called intellectual capital.

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raw facts that describe the characteristics of an event or object are data.

What is intellectual capital?

The result of mental processes, intellectual capital is a collection of intangible assets that can be used in economic activity and generate income for their owner, an organization. It includes the skills of their employees (human capital), the value of their relationships (relational capital), and everything that remains after the employees leave the office (structural capital), of which intellectual property (IP) is only one part. A company's competitive advantage is the result of the collective knowledge held by all employees. The phrase is used in academia to try and account for the value of intangible assets that aren't expressly stated on a company's balance sheets. National intangible capital is what is meant when discussing intellectual capital (NIC).

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