Most organizations have a problem getting started with data monetization. When it comes to digitally transforming their business models, what roles do metadata and artificial intelligence technologies play? Silicon Angle brought this news to us in their article, “Can metadata and AI write a company’s disruptive business plan?”
Data monetization is the process of generating revenue from available data sources by instituting the discovery, capture, storage, analysis, dissemination, and use of that data, and metadata is the obvious place to start.
Data monetization leverages data generated through business operations as well as data associated with electronic devices and sensors participating in the Internet of Things. When this data is collated against traditional databases, the value and utility of both sources of data increases and leads to great potential to mine data for social good, research and discovery, not to mention achievement of business objectives.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.