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Data isn't your business.It's just by-product of doing business.I know you want to get rid of those redundant data which suck up a lot of storage space.From years companies are known to pay extra to eradicate waste leftover from the production process.Times have changed, though. Through genius innovation, many entrepreneurs have taken what was once useless sludge and transmuted it into massive profits.
After yielding their finished product, breweries in the late 19th…Continue
There are a lot more options for monetizing data than selling a database.Big data change the way businesses monetize data.Let’s look at general strategies tend to be used for successful data monetization.
Data as a service:
It all comes down to speed at which data moves around.Just think of social media messages going viral in…Continue
The song will never work. It’s too long, too complex,
too confusing and doesn’t fit into any musical genre.
– Radio stations’ feedback to Queen aboutBohemian Rhapsody
Search of greater return on Big Data investment or generating alternative revenue stream for your organization.No matter the situation, let’s go through some of the most common myths of data monetization.
- Not Every Bit…Continue
Data Monetization is the natural response to financial demands of storing and managing big data, the skills it requires to manage that data.
As Gartner reports "Data Monetization is increasingly becoming a significant business activity for most companies. While less then 10% of Fortune 1000 companies have a data monetization strategy today, it is projected that 30% of businesses will monetize their data and information assets by 2016.”