Data Monetization

Data Monetization

Future Tech Definition: Data Monetization refers to the process of leveraging data assets to generate value and revenue. It involves identifying and capitalizing on opportunities to extract economic benefits from data by creating data-driven products, services, or insights that can be sold, licensed, or used to enhance business operations. Data monetization strategies can include direct data sales, data licensing agreements, data-driven partnerships, or the development of data-driven applications or platforms. Data monetization enables organizations to unlock the potential of their data and transform it into a valuable asset that drives business growth and innovation.