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DESCRIPTION
We are living in the Age of Data. Every company operating today is essentially a data company. However, only 1 inf 12 are monetizing data to its full extent.
For organizations to achieve Data Monetization, there are 2 pathways they can take—one with an internal focus and the other with an external focus. This framework explores both of these 2 pathways in detail.
With an internal focus on Data Monetization, we look at Operational and Organizational areas of improvement, which can be broken down in Cost Reduction and Revenue Growth initiatives.
With an external focus on Data Monetization, we look at opportunities with Partners and Customers. We can also unlock 3 new business models.
These presentation dives deeper in to these business models. We also delve into how to actually implement a Data Monetization Strategy through a 5-phase approach in setting up a Data Factory.
The slide deck also includes some slide templates for you to use in your own business presentations.
Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Analytics, Data Monetization, Data Factory PowerPoint Slides: Pathways to Data Monetization PowerPoint (PPTX) Presentation, LearnPPT
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OVERVIEW
ABOUT THE AUTHOR
Additional documents from author: 83
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients clients that range from Fortune 500 companies to startups to $1B+ private companies.
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Analytics Data & Analytics Data Monetization Customer Decision Journey Consulting Frameworks Strategy Frameworks Strategic Analysis Strategic Thinking Strategic Planning Strategic Sourcing Cost Reduction Assessment Shareholder Value Corporate Board Value Chain Analysis
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