Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Powering Innovation Through Data Monetization
* Required Fields
Pay by invoice
An increasing number of companies are starting to build data-driven strategies to fuel growth in the upcoming data economy. Though in its nascent stages, data monetization is having a huge effect on many industry verticals. Every company will, at some stage, transform into a data company through direct or indirect approaches. However, there is a lack of strategic direction and standardization in business processes among companies for building a successful data monetization model. The success of a data monetization strategy lies in extending the frontiers of digital innovation. This study aims to identify the potential routes for monetizing data assets that would help companies transform digitally and have a sustainable growth in the data economy. These routes are designed to provide a clear understanding of the business processes and the evolution of data across the value chain.Data Bartering:Data bartering model refers to a transaction where data sets are exchanged between two parties without any monetary assets being involved.Data Brokering:It is a process of collecting and aggregating data from various data sources, such as public records, scrapping online activity, and purchase history, or from third-party data providers, and selling it to data consumers.Insights Bartering:The insight bartering model refers to a transaction in which data insights are exchanged for business intelligence solutions between two parties.Business Intelligence (BI):In this model, companies build predictive insights through BI tools in order to develop actionable insights using historical and current data.Along with the above monetization models, the study also identifies 7 actionable framework plays that are plugged into various case studies on high-performing data monetization companies. These framework plays are designed to get a 360 degree view on data use cases by ranking them in terms of providing potential growth opportunities and innovativeness. The foundation of a successful data monetization model is identifying the right strategy, design, and architecture for building a compliant and secure data ecosystem, and, most importantly, having the right pricing framework in place that aligns with the expected business outcome. The study provides insights on the key implications of data monetization on a company’s operating models and business functions. Finally, the study also offers insights on growth opportunities in the space of data monetization along with a brief future prospect of how data monetization will evolve and disrupt traditional industries, such as automotive and healthcare, and what potential new opportunities will be created in the future by data monetization.
Global Economic Outlook, 2020
Behavioral Analytics in the Era of Transhumanism
Global Trade Wars Impact, Forecast to 2020
Global Economic Outlook, 2019
Global Economic Outlook, 2018
Future of B2B Online Retailing
Global Economic Outlook, 2017
The Top 17 Trends for 2017
Inflation in Gulf Corporation Council, June 2016
India Macroeconomic Outlook 2016-17
artificial lift market
heavy commercial vehicles market
alternative energy market
fuel cell market
heavy truck market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.