Knowledge assets’ increased value and contribution to business objectives obliges internal auditors to focus on how they’re safeguarded.
Technological advances are transforming the nature and importance of the organization’s knowledge assets — intellectual property, software, data, technological expertise, organizational know-how, and other intellectual resources. The value of the global knowledge management market was around $2 billion in 2016 and is expected to exceed $1.2 trillion by 2025, according to Zion Market Research. At this worth, organizations should want to know if their knowledge assets are safeguarded.
