Uploaded on Nov 16, 2021
Data Monetization Strategy 2021
Data Monetization Strategy 2021
Data
Monetization
Strategy 2021
The quality of your datasets is important
for a company looking to drive additional
revenue streams.
Data Monetization Strategy
Your company can monetize data directly (ie. sell data
through a financial transaction) or indirectly (through
the increased value of the assets). Bringing top value
to your data by successful data monetization strategy
can lead to new relationships with other industry
partners, help increase your revenue, and create other
relevant information insights.
Examples of Indirect Data Monetization:
- Improving new prospects and new markets
- Enhancing customer service and customer loyalty
- Boosting supply chain productivity and marketing
programs
- Improving safety, and
- Lowering expenses like theft, waste, and fraud.
Think e-Commerce When it Comes to Selling Data
If potential customers can’t find your data, it’s likely
your business will have a hard time selling your data
products. Your go-to-market strategy should be more
comparable to an e-commerce business than a
traditional, high-touch B2B sales approach. Use
technology to sell your data.
‘Product Pages’ Should Appear At The Top
Data ‘product pages’ appear at the top of customers’
search results, from a combination of maximizing
keywords and SEO tactics. This results in potential
customers finding data products that are most relevant
to their needs.
For more such updates, check Out recent Martech Cube
Slides.
Comments