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Pathways to Data Monetization (PowerPoint PPTX)
PowerPoint (PPTX) 27 Slides FlevyPro Document
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.
The PPT also covers the impact of Data and Analytics on various industries and functions. Insights from the McKinsey Global Survey highlight significant changes in core business practices, especially in sales, marketing, and R&D. This data-driven transformation is reshaping competitive landscapes, with traditional competitors launching new products and forming data-related partnerships.
Setting up a Data Factory is a critical step in executing a Data Monetization Strategy. The document outlines a 5-phase approach to implementation, focusing on enabling insights and analytics, adopting a smart operating model, and ensuring governance and compliance. The slide deck includes detailed templates to assist in each phase, making it a comprehensive guide for organizations aiming to leverage their data assets effectively.
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Source: Best Practices in Analytics, Data Monetization, Data Factory PowerPoint Slides: Pathways to Data Monetization PowerPoint (PPTX) Presentation, LearnPPT Consulting
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