Data Monetization Definition
Data monetization is an act or a form of monetization which generates measurable economic benefits from available information sources. The corporate market value benefits or the market share consists of these benefits which typically accrue as expense or revenue savings.
Data monetization leverages information generated throughout the business operations, accessible exogenous information or substance, as well as information allied with individual actors such as that composed via electronic devices and sensors participating in the internet of things. Generating location information and other data from mobile devices and sensors at an ever increasing rate, which is the ubiquity of the internet of things. The emerging data as a service models for transactions involving information by the information item is closely associated with information monetization.
There are three regulatory and ethical vectors involved in data monetization due to the sometimes contradictory benefits of actors concerned with the data supply chain. The individual data inventor who owns a device such as a sensor or who generates files and records through his own efforts or a mobile phone that generates data has a claim to ownership of data.
The business entity that generates information in the course of its operations, such as its transactions with financial institutions or risk factors discovered through feedback from customers also has a claim on data captured through their systems and platforms. However, the person that contributed the data may also have a legitimate claim on the data. Financial service companies are a comparatively fine example of an industry focused on generating revenue by leveraging data.
Finding the Risks and Opportunities in Your Storage
White Paper By: NTP Software
How to find the risks and opportunities in your storage environment? Many organizations’ storage infrastructures have grown rapidly and chaotically, which has resulted in massive amounts of poorly organized file data that grows and is used in ways that are often hard to understand. This whitepaper helps you to understand the risks and opportunities in storage management and why full...
A Guide to Comprehensive File Data Management: Everything You Need to Succeed
White Paper By: NTP Software
Are you certain your file data environment is being managed in the most efficient way possible? How is it possible to make your file data storage twice as efficient, resulting in reduced costs and complexity? A new approach entitled File Data Management (FDM), provides the ability to understand, manage, monitor and secure stored file data across the entire data storage environment, down...
Backups, Tiering, And Archiving: Do I Need Them All?
White Paper By: NTP Software
Each one of backups, tiering and archiving addresses different aspects of a complete data management solution. Together they address legal, regulatory, information security, and economic concerns. What are the software tools available to address the complications faced in data backup and recovery? The purpose of this white paper is to help you understand how backups, tiering, and...
6 Ways to Improve Business Practices Using PDF
White Paper By: LULU Software
Improving business practices using PDFs has become popular amongst companies for their benefits in aiding business operations in a trusting manner. It is an essential file format for improve business practices because it allows users to securely transfer and view electronic documents. The Portable Document Format has been the industry-standard for decades, namely because of its complacency in...
Business Values Driving Business Applications With Real-Time Data
White Paper By: BP Logix
This white paper explains how business values enable you to drive your business applications with real-time data Driving Business applications with real-time data bring a new dimension to business values in building business applications. BP Logix came up with the intelligent Business Process Management (BPM) solutions for rapid application development, through data obtained from System of...
Six Ways to Control Data Storage Growth:Challenges In Data Storage Management
White Paper By: NTP Software
Finding ways to control data storage growth and manage data effectively is one of the industry’s most important tasks. Though storage vendors regularly introduce new technologies to address this issue, the challenge in data storage management is to manage costs while ensuring the needs of the business continue to be met. This whitepaper highlights the effective methods to control...
2018 All Rights Reserved | by: www.ciowhitepapersreview.com