Businesses having their analytics processes in place now resort to data monetization to reap benefits to the next level. Data monetization refers to deriving financial benefits from data sources. The largest tech companies nowadays are geared towards delivering the best user experience and collects proprietary data on which researchers perform analysis to derive insights and plan subsequent plan of action. Companies deploy block-chain ledgers to reduce processing loads and specialize in combination of big data and block-chain to bring increased profits. Even the smallest businesses benefit from e-mail monetization by leveraging data collected through the cheapest avenues possible. From managing a blog to small e-mail lists, linking helps in generating leads that turns data into money.

Read More at; https://www.smartdatacollective.com/how-data-monetization-can-add-value-analytics/

Industries are flooded with data and this data can be used to extract a lot of money if only we knew how to use it. With the rapid advancement of technology, we have high-speed networks and improved algorithms for analytics. Various industries including healthcare and financial services are basically resting on terabytes of valuable data and information. Six best methods for monetizing data are as follows:

1. Building up trust and neutrality among the customers.
2. Anonymization and aggregation of data is required.
3. To acquire permission of utilizing the data that is not owned by the company.
4. To consider spinning out the data monetization unit.
5. Provision of data analytics in real time.
6. Furnishing customers with self-service capabilities.

In order to know more about data monetization, please follow the link: http://www.cio.com/article/2941291/big-data/memo-to-cios-cash-in-on-that-data.html