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Monetizing Shared Data from Industry Ecosystems — Special Considerations

Publisher IDC
Published Jun 15, 2023
Length 9 Pages
SKU # IDC18012899

Description

Monetizing Shared Data from Industry Ecosystems — Special Considerations


This IDC Perspective highlights that monetizing data is not a simple project, and monetizing data from an industry ecosystem brings more complexity and considerations. For an industry ecosystem, the process can be the same as for an individual enterprise. This research shows some of the ways in which working in the industry ecosystem paradigm is different. "In addition to the benefits of shared data for use by industry ecosystem participants, there is the potential to bring in revenue from selling shared data as a service," says Lynne Schneider, research director for Data as a Service and Data Marketplaces. "Thirty-six percent of industry ecosystems are doing this today, and we only expect the number to increase," she adds.

Please Note: Extended description available upon request.

Table of Contents

9 Pages
Executive Snapshot
Situation Overview
The Why
The How
Special Considerations by Process Step
Set Goals
Explore Practicality
Design Data Service
Build and Enhance Delivery Capability and Evaluate
Advice for the Technology Buyer
Learn More
Background on Shared Data and Insights in Industry Ecosystems
Related Research
Synopsis

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