Data is a unique commodity. And today, organizations are looking for new ways to drive value from their data assets. Some are monetizing their data indirectly by finding ways to reduce costs, manage risk, and improve operational efficiency. Others are monetizing their data directly by selling their data, delivering data-enabled services, or building new data products.
For companies to realize these data monetization goals, they will need to answer some hard questions, including:
- How do I determine the value of my data?
- How can I drive more value from my data?
- How can I master regulatory compliance and manage risk?
- How can I demonstrate the quality and integrity of my data?
- How can I share data reliably and legally?
At Information Asset, we help organizations discover new opportunities for monetizing their data and implement disciplined processes to help them realize their business goals. We draw on our cross-disciplinary expertise in data management, regulatory policy, and finance to help you explore data monetization use cases and implement processes that are well-governed and compliant.
Our five-step advisory service helps executives and other stakeholders uncover new ways of thinking about their data, build an inventory of use cases, and align data monetization tactics with the strategic goals of the business.
Quickly driving value from data is attainable by understanding the impact of new and emerging regulatory requirements. Our advisory staff, many of them legal engineers, help your organization implement data monetization strategies that meet the most stringent regulatory policies—saving you time and money and reducing the risk involved in new data initiatives. We have expertise in these critical areas:
Data monetization services from Information Asset can help you leverage data and information to increase revenues, reduce costs, and drive competitive advantage while mitigating risk. Contact us today to learn more.