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Data's Value: Digital Transformation’s Dirty Secret
Why is nearly every company blind to the actual value of the data that they own? In this Knowledge Sharing article – awarded 3rd Place in the 2017 Knowledge Sharing Competition – Steve Todd highlights "Five Steps to Data Value" that will result in new business processes and IT touch points that enable:
- knowing how to establish the purchase price of a data set
- knowing which data sets are "most monetizable"
- knowing how to create new data products and services
- establishing the value of analytic models
Steve provides readers with a tangible set of actions that, if implemented, will greatly increase their ability to monetize data within their organization.