Monetizing Shared Data from Industry Ecosystems — Special Considerations
This IDC Perspective highlights that monetizing data is not a simple project, and monetizing data from an industry ecosystem brings more complexity and considerations. For an industry ecosystem, the process can be the same as for an individual enterprise. This research shows some of the ways in which working in the industry ecosystem paradigm is different. "In addition to the benefits of shared data for use by industry ecosystem participants, there is the potential to bring in revenue from selling shared data as a service," says Lynne Schneider, research director for Data as a Service and Data Marketplaces. "Thirty-six percent of industry ecosystems are doing this today, and we only expect the number to increase," she adds.
Please Note: Extended description available upon request.
- Executive Snapshot
- Situation Overview
- The Why
- The How
- Special Considerations by Process Step
- Set Goals
- Explore Practicality
- Design Data Service
- Build and Enhance Delivery Capability and Evaluate
- Advice for the Technology Buyer
- Learn More
- Background on Shared Data and Insights in Industry Ecosystems
- Related Research
- Synopsis
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