New Revenue Streaming

Moving from Analytics to Data Monetization - New Revenue Streaming

How do companies increase their revenue by leveraging data analytics?

what are the perfect ways to do that?

what are their competitors doing around that?

lately, companies are focusing on leveraging of the volume of current transactions which done which done by mining data and asset that are valuable and underleverage in order to create new revenue sources rather than looking simply to increase the volume of transactions. According to  Ravi Kalakota, analytics outcomes increasingly become one of the main revenue sources in healthcare industry. An example of (ACOs) Accoubtable care organizations which are improving the health status, in efficient way and has experience of care for a defined population by connecting group of providers who take responsibility for that. This all done by large investments in data and monetizing capability.

One of the other common use of data monetization is cost savings from better inspection scheduling and preventive maintenance. This causes in massive savings because they are not using costly and experienced sources in responding to emergency repair calls.That happened in the case of a large ATM manufacturer “by monitoring various assets in the ATM (cash dispensers, printers, cameras etc.) via log analysis they were able to substantially reduce maintenance downtimes.”

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