New Research: Data Monetization Market Is Expected to Expand at a CAGR of 21.4% by 2022
Data monetization involves the monetization of the asset of data to generate high revenue from available data sources or real-time streamed data by introducing the discovery, capture, storage, analysis, dissemination, and use of that data. Data monetization leverages data generated through business operations as well as data associated with individual factors and with electronic devices & sensors contributing in the Internet of Things (IoT). This data is used to generate valuable insights for the organization to generate new revenue streams.
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