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In today’s data-driven business landscape, executives in large enterprises are under immense pressure to extract total value from their data. However, data monetization can be challenging, with the scattered data throughout the enterprise, talent hiring, regulations, and contractual obligations posing significant challenges. This is where Revelate can play a crucial role in helping executives monetize their data and derive actionable insights.
Data Monetization: Main Points to Consider
One of the primary challenges executives face is knowing where to start with data monetization. With Revelate, executives can comprehensively view their organization’s data landscape. Revelate provides an operational infrastructure for your data monetization strategy, enabling you to effectively identify, value, package, and utilize your enterprise’s data. Revelate has a network of experienced partners who can help incorporate data monetization into your data strategy.
The Challenge of Utilizing Scattered Data in the Age of the Cloud
The rise of cloud storage and the adoption of multi-cloud and SaaS applications have led to data scattered throughout the enterprise, making it challenging to identify and utilize. With Revelate, executives can overcome this challenge as it provides a self-service data marketplace where data can be quickly accessed, reducing the time spent waiting on data provisioning. This enables executives to make quick and informed decisions based on accurate data.
Hiring and Managing Data Monetization Talent
Companies also struggle with hiring and managing talent with the expertise to monetize data. Revelate provides an automated and easy-to-use platform, which reduces the burden on existing teams, enabling them to focus on strategic initiatives. The platform empowers non-technical executives to collaborate with data scientists, streamlining decision-making and increasing the speed of data monetization.
Regulations and Obligations
Navigating regulations and contractual obligations is another major challenge for executives. Revelate helps enterprises navigate these regulations and obligations, ensuring that the data monetization programs are compliant and the organization’s reputation is protected. The platform provides a centralized view of all data sources and associated regulations, making it easier for executives to understand and manage compliance requirements.
Choosing an Operational Infrastructure for Data Monetization
In conclusion, data monetization is critical for any large enterprise seeking to drive business growth and derive actionable insights from its data. Revelate provides an operational infrastructure for your data monetization strategy, enabling you to effectively identify, value, package, and utilize your enterprise’s data. Additionally, Revelate empowers non-technical executives to collaborate with data scientists, streamlining decision-making and increasing the speed of data monetization. With Revelate, executives can navigate regulatory obligations and contractual requirements, ensuring that the data monetization program is compliant and the organization’s reputation is protected.