Computer valuation and appraisal is a necessary activity to be able to objectively value a computer or technological asset. It is extremely important to have a computer expert who is an expert in computer appraisal, given the complexity inherent in the economic valuation of intangibles such as computer systems.
We could simply define these two concepts as the service by which the approximate value of the applications, websites, software, hardware, etc. is expressed in a signed and objective document, not only taking into account the IT asset itself, but also the business it is capable of generating in the next three to five years.
A more complex definition could refer to a series of procedures and techniques, consisting of estimating the economic value of a computer engineering project or its products, be they software, hardware, trademarks, patents, utility models and human resources and / or materials, all using empirical and proven techniques.
The main difference between an appraisal and an valuation is that the valuation does not have a legal value, it does not follow a procedure regulated by law. An assessment differs in the handling of value calculation techniques, which can be objective or subjective, and obtained by more or less expeditious methods. Therefore, a computerized appraisal must be based on widely accepted economic and financial valuation criteria, and the economic amount of said computerized appraisal must be justified and argued based on logic and customs.
The computer appraisal methodology follows four main steps:
We must bear in mind that computer appraisals will always be approximate, never exact, since it is impossible for the computer expert to take into account all the options involved in it, which are countless.
The most frequent types of orders are:
“The appealed ruling is essentially based on the ineffective and invalid expert evidence that has been provided as the only justification for the facts imputed in the letter of dismissal to the plaintiff, for several reasons explained by the Magistrate of Instance in her ruling. The first is because she understands that the expert presented by the company lacks an official degree in computer science, although at this point it is recognized that the expert is the person who provides computer assistance to the company as a freelancer, which implies at least a practical knowledge of what he is hired for. On the other hand, the informal nature of the expert evidence and the questioning of the chain of custody are argued. Special mention is also made of the breach of the guarantees of the plaintiff’s right to privacy at the time of carrying out the inspection and search of the computer equipment, declaring it proven that the plaintiff was not present. In short, the Magistrate of Instance, evaluating this evidence and the testimonies provided at the oral trial concludes that the defects in the practice of the expert evidence carried out by the company prevent granting probative value to this means of proof, and given that it is essential to prove the facts imputed to the plaintiff, declares the dismissal unjustified.”
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