Selling data can be a major revenue opportunity. However, navigating the business ecosystem of data trading is not a catwalk. Which is the best option: monetizing directly or through brokers ? Beyond the revenue opportunity some key strategic considerations are to be analysed for data generators who want to monetize their data.
The European Commission released recently a proposal for a regulation on Artificial Intelligence (AI). Though there is still a long process to take place before the regulation is enforced, it will impact Datanomics, i.e. value creation opportunities and competition dynamics related to data and analytics. What would change should the regulation implemented as described? What...
As data is associated with numerous value creation opportunities, protecting them and making sure others cannot access them seems a smart move to control the value capture. Though counter-intuitive at first, there is a clear case for value capture while sharing data. However, sharing doesn’t always mean the same and several options are possible. Why...
Proprietary and closed data strategy has clear advantages but in some cases engaging in open data proves to have a bigger impact on competitive advantage.
Cars, tires, drilling machines, industrial equipment and many other objects are now full of sensors that capture data in real-time. It opened an opportunity for product manufacturers: launch service-based offers. Though very attractive on the paper, research shows the implementation of these business models is challenging and that the promised profits are not always cashed...
The essence of strategy is making choices. Choices about scope, products, organisation or about the direction of the company for the future. In the age of Datanomics, more and more choices are automated. Is it the end of strategy?
Volume, Velocity or Variety, which V imports the most?
Let’s get back to where we started! The question is to decide on a positioning in the data value chain: which activities are key, which should be mastered internally, what to outsource? which partnerships to forge? « Strategy is the creation of a unique and valuable position, involving a different set of activities. The essence...
A few years ago, Porter wrote a very interesting article about how IoT (How smart, connected products are transforming competition). Of course, a lot of it has to do with data and make-or-buy decisions. In particular, are identified 10 strategic questions to solve in this new business environment, below are the 5 related to our...
Introducing a 3 posts series on make-or-buy decisions, let’s start with the key capabilities to master along the data value chain to secure performance improvement.
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