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Data Monetization in 10 Minutes PDF
Data Monetization in 10 Minutes PDF
Those customers could be within your organization general market - B2B customers-, a channel
partner or even an unrelated sector.
3. Draw inspiration from how other organizations from the same sector have
monetized data.
4. Identify ways to generate direct and indirect revenue streams from each data
asset.
In order to achieve this, the following is needed:
o Cost value of information when acquiring or replacing lost information.
o Economic value of information meaning the possible financial impact of a data asset.
o Market value information, the revenue that can be generated by trading this this
information.
Direct Monetization
References:
Aiken, P., & Billings, J (2013). Monetizing Data Management: Finding the Value in Your
Organizations’s Most Important Asset.