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
Time for a Digital Revolution in the Women’s Health Market
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
Post 2020, the 5th Wave of Computing Caused by the Convergence of AI, Big Data, 5G and IoT will Enable Effective Monetization of Data
save 25 %
* Required Fields
Pay by invoice
In today’s data-driven economy, data is a strategic asset to any business, and organizations around the world are occupied with anomalous amounts of data. Frost & Sullivan expects that the volume of data created would reach 175 Zettabytes (ZB) by 2025. Driven by this explosive growth in data and technological advancements in Big Data and computing, many businesses have now realized the value that data would unlock and are currently exploring ways to monetize their available data. The global data monetization market is in its nascent stages as organizations are still figuring out how best to mine, manage and monetize the data they create. Strong growth is forecast across a number of industry verticals, as better monetization combined with greater data has an impact.Data monetization (DM) is the process of generating revenue from the available data by transforming it into a meaningful coherent whole. The process of DM can be carried out in 2 ways: directly and indirectly. In direct monetization, data is sold in its raw form or in chunks, without any processing, while indirect monetization involves the processing of data to extract insights or create value-added services that can be used to support business decisions.As mentioned earlier, monetization of data across different business verticals is still at its early stages and there are significant regulatory and reputational barriers to overcome. Organizations will need to build a deep understanding of privacy and regulatory compliance requirements for utilizing the data and need to choose the right path towards DM.Like any other businesses, the global energy and utilities industry is in the midst of a transformation driven by 3D’s – Decentralization, Digitalization and Decarbonization. These 3 trends are disrupting the way in which electricity is generated, transmitted and consumed by end-users. As the energy and utilities industry continues to rapidly transform, massive amounts of data are continuously generated, and the area of DM is increasingly becoming a critical topic for the industry.Other factors include regulatory compliance, data privacy, consumer protection, and security protocols.This study provides insights into DM across the energy and utilities industry and its adoption across 3 main segments (power generation, demand side management and infrastructure and asset management) in the industry. The study includes the following: • In the first part, it explores the concept of DM in general and the different business models and their adoption across different business verticals with use case examples.• In the second part, it offers insights into the current state of the global utilities and energy industry, the key consumers who would be interested in the data from this market, and the 3 main segments within the industry.• The last part includes insights into each of the segments, and use cases related to the monetization of data across each segment.
Key Issues Addressed
Currently, the key question for utilities and energy companies is, how to turn that data into money – how to monetize the data? To monetize data, it is imperative that utilities and energy companies address the following issues:
Frost Radar in the Oil and Gas Companies using Aerospace Innovations
Global Data Center Uninterruptible Power Supply (UPS) Battery Growth Opportunities
GROWTH OPPORTUNITIES IN HYDROGEN FUEL CELLS, FLOATING SOLAR PLATFORMS, MODULAR NUCLEAR REACTORS, AND GRAPHENE ALUMINUM-ION BATTERIES
GROWTH OPPORTUNITIES IN DIGITAL OILFIELDS, ENHANCED OIL RECOVERY, AND WASTEWATER TREATMENT IN THE O&G INDUSTRY
Breakthrough Flow Battery Technologies for Grid-scale Energy Storage
Disruptive Electrolyzer Technologies Enabling Green Hydrogen Production
GROWTH OPPORTUNITIES IN TIDAL POWER GENERATION, ENERGY MANAGEMENT SYSTEMS, THIN-FILM SOLAR CELLS, AND SUSTAINABLE LOW-CARBON FUELS
GROWTH OPPORTUNITIES IN CARBON UPCYCLING, BIOFUELS MANUFACTURING, COMPOSTABLE PACKAGING, AND SUSTAINABLE BUILDING MATERIALS
GROWTH OPPORTUNITIES IN DIGITAL ADVANCEMENTS, ADDITIVE MANUFACTURING, AND OIL SPILL REMEDIATION IN THE O&G INDUSTRY
plastic recycling market
energy storage market
smart wearables market
alternative energy market
plastic waste management market
artificial lift market
solar energy market
residential solar market
food waste 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.