A framework for measuring return on data investment

In the era of big data, organizations face unparalleled opportunities to harness extensive data resources for competitive advantage. This study underscores the importance of assessing the return on data investment (RODI) as a foundational element in data-driven decision-making. It examines the critical role of RODI evaluation in guiding data-related investments, addresses the inherent challenges of quantifying data value, and explores methodologies tailored to financial lending firms for measuring RODI. The research further highlights the strategic benefits of adopting a comprehensive RODI framework to enhance operational efficiency. Additionally, the analysis incorporates relevant scholarly perspectives that emphasize the significance of financial metrics in optimizing data-centric strategies. JEL Classification: L86, D81, D82, E51, G21