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Opinion

Understanding IP and data key skills for leaders in the intangible economy

By Karima Bawa, Myra Tawfik       

The demands of the new economy necessitate a new knowledge base and skill set for innovators and entrepreneurs, not just for the expert advisers, like lawyers and accountants, who support them.

Increasingly, company value rests in intellectual property and other intangible assets rather than in tangibles like real estate or machinery and equipment, write Karima Bawa and Myra Tawfik. Photograph courtesy of Pixabay

Generating and protecting data and intellectual property (IP) are critical to business success in today’s innovation and data-driven economy. Today, more than 90 per cent of the value of the S&P 500 is intangible assets. Increasingly then, company value rests in IP and other intangible assets rather than in tangibles like real estate or machinery and equipment.

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