Data Bits of the week...

The importance of data…?

“No data, no scale. Simple as that. But you also need to figure out which data is most useful and cost-effective at each phase of growth. “ @Reid Hoffman & @Sheila Lirio Marcelo -Care.com founder -?

… understanding data valuation and the data assets…?

"A deep understanding of data assets provides a meaningful information advantage, identifying hidden value that traditional commercial due diligence isn’t looking for. It spots data risks and opportunities, maturity, and true data monetisation — or better still, ‘insights monetisation’ (the real output of data science initiatives) — all of which ultimately leads to better investment decision.” By Adam Votava

...Companies are looking for new ways of data?monetisation and use of their data assets….?

Wallmart hiring Instacart’s @Seth Dallaire to help grow advertising and Revenue from data.

...data sharing and scaling data marketplaces … curating new datasets, cleaning and combining....

"As organizations turn to third-party data to complement existing data sets, the ability to securely share reliable data at scale is top of mind?“?

Warren Breakstone (Managing Director & Chief Product Officer, Data Management Solutions at S&P Global)?

By Conor Mhoney Databricks

..Many industries/verticals looking for ways to innovate - and monetize data assets, new business data use cases (Space, Tourism, Maritime, Energy, Healthcare...)

..Space Data Marketplace & Dawex

?Airbus Defence and Space ,?Dassault Systèmes ,?Thales Alenia Space ,?Geoflex ,?VisioTerra ,?namR ,?Altametris ,?MURMURATION ?and?Occitanie Data .

.. Tourism Data Hub by Alentour & Dawex?

Bringing together the whole industry’s ecosystem of producers of tourism activities, hotels, campings, touristic residences, tourist information offices, regional tourism committees, local territories, and mobility players to source, distribute, exchange, and commercialize data securely.

…Maritime Data Space Hub (Open Maritime Data Exchange) by IDSA (International Data Space Association)?

Data sharing - data spaces in complex industrial environments.?An Ecosystem for ship related data (SINTEF, NAVTOR, Neuron Solution, and Wilhelmsen Ship Management)?

..Energy . UK Power Networks (Open Data Network) sharing 30 open datasets ( grid & Primary Sites, Low Carbon Technologies, Load Data, Power quality data, Flood warning areas…)?

..Healthcare?Monetizing Healthcare Data – The Challenges and Opportunities..

Dawson Smith, Sr. Director of Data Monetization at LeapYear Technologies along with Nancy M Green, SVP at Health Data Board, Kev Vorhees, MHA, CSSGB, Data Science Manager at Lake Partners Strategy Consultants, and Kathryn Forde, Senior Analyst at Neudata will discuss the challenges and opportunities of monetizing a sensitive healthcare data set including:

- Marketplace considerations for healthcare data: perspectives from data owners and data buyers

- Considerations on ensuring compliance and privacy in the alternative data market

- What can be done to achieve the need to both protect and use this type of data?

...Service organisations understanding the value of asset data and?unlocking asset data to boost profits…?diving into the value of asset data and why service orgs struggle with accurate, useful data

….for every $1 invested in automating the collection and analysis of asset service data, companies are looking forward to an average return of $4.44…?By Joe Kenny @ServiceMAX @Vanson Bourne Report.?

....Data Marketplaces, data monetisation is not easy task….?

"Remember that "even after a [data purchase] decision is made, the logistics involved in connecting and routinely operating the data pipelines between buyer and seller can be tortuous and filled with hazards…?lack of data?standardisation?…?however...?companies are also arriving to solve complementary problems involved in the buying and using of the data. In this way, one by one, the barriers to alternative data’s future growth are being removed.

?By Mark Fleming - William Exabel?

..Team is the most important part…?the data team …?

"Working with Big Data is like a team sport. You need the right people in the right teams to get things done. Know more about this in the Data Teams book": https://www.datateams.io/ by Jesse Anderson @bigdatainstitute?

.. and if you are Looking for Inspiration with Data USE Cases??

"101 Ways to Use Third-Party Data to Make Smarter Decisions”?

By Amazon AWS & Battlefin

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#data ?#datamonetisation ?#bigdata ?#datatovalue ?#datamarketplaces ?#datavaluation #bigdatatools