Expanding An Organization’s Data Landscape

Data has taken center stage amid major transformations and disruptions that have reshaped several industry verticals in recent years—Viz Music, Travel and Hospitality, BFSI, Retail, Education, etc. Data is the ingredient driving the changes.

Interestingly data has value both as raw material and as a finished good!

Data monetization is gaining traction. For better understanding, data here refers to raw data, software products, applications, analytics, insights, etc.

Organizations are directly monetizing their data by offering Data-as-a-Service (DaaS), as a monetization model. Other organizations are monetizing data by building 'Insights' using the 'raw material' and offering Insights-as-a-Service (IaaS) equivalent to finished goods.

So how should an organization look at data ?

The CIO or the CDO of an organization today has to play the role of Napoleon Bonaparte!

Napoleon aggressively pursued his life ambition of 'conquering new land,' and he was driven by an insatiable appetite, passion, and energy. Like Napoleon, a CIO/CDO should explore every opportunity to 'Conquer New Data Landscape'!

People say 'Data is the New Oil'

However, given how oil is doing globally and its future, it is time we say 'Data is the new Soil' – A fertile data soil is essential for companies to grow their…