Three Steps to Monetize, Unlock the Value of Data

To deliver greater value to clients and/or customers, firms can take a closer look at existing data repositories, which can drive opportunities for cost reductions and new revenue streams. Many firms have abundant opportunities to monetize data, which can be classified as reducing cost, increasing revenue and selling data. A disciplined, three-step approach can help organizations understand and obtain the most value from their data and begin monetizing it.

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