Topic Discussed : Data is the New Currency?
Speakers: Chaitanya Habib, Research Consultant, Frost & Sullivan with Vince Trotta, Vice President - Sales, Data Exchange
Key Takeaways:
- Though in its nascent stages, data monetization has a huge effect on many industry verticals. Currently, over 2.7 Quintilian bytes of data is generated everyday in our digital universe with a utilization rate of less than 0.5%, Companies need to start addressing the stagnant pools of data underneath in order to pave path to digital transformation
- However, there is a lack of strategic direction and standardization in business processes among companies for building a successful Data monetization model.
- “The success of a Data Monetization strategy lies in extending the frontiers of Digital Innovation”
- This Podcast will also focus on the key implications of data monetization on various industry verticals along with growth opportunities
For further insights, please join us for future podcasts and to know more about our Growth Partnership Services, reach out to digital@frost.com or click here to Contact Us.
Related Keywords: Frost & Sullivan, Snowflake, Data Monetization, Car Data, Autonomous cars, Digital health, Data, DAAS, Innovation, Digital disruption, AI, IOT, Monetization
Website: www.frost.com
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