Every industry increasingly relies on intangible assets. In many cases, the economies of scale derived from intangible benefits dwarf what can be achieved through tangible assets. (peach_adobe/Adobe Stock)
As cyber, intellectual property (IP), and digital perils become more complex, managing these risks has become increasingly challenging. The 2022 Aon/Ponemon Intangible Assets Financial Impact Study found that while 86% of businesses recognize cyber and IP among the top 10 business risks but they continue to undervalue and under-insure intangible assets relative to tangible assets. Furthermore, 84% of organizations use or intend to use cryptocurrency or non-fungible tokens (NFTs) in the next 12 months.
Intangible assets offer greater value but are less protected.
Intangible assets are non-physical assets with a monetary value representing potential revenue. They include digital assets, proprietary data, goodwill, brand equity and intellectual property such as patents, copyrights, franchises and trademarks. Every industry increasingly relies on intangible assets including, among others, technology, entertainment, consumer products and services, finance, healthcare and manufacturing/automotive.
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