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Succeeding In The Data And AI Marketplace: 5 Lessons For Monetizing Data And AI
Forbes December 18, 2024
Dr. Milan Kumar, CIO of ZF Commercial Vehicles and global tech leader with extensive experience in digital transformation and IT leadership.
Did you know that almost half of organizations now see data products as tied directly to analytics and AI?
Companies don’t just want data. They want AI-augmented data to predict customer behavior, optimize pricing or improve other business outcomes.
This momentum is mirrored in the Data-as-a-Service (DaaS) market, which is projected to hit $51.6 billion by 2029. This model, as I’ve explained in a previous article, provides access to raw data from various sources. Companies monetize access to this data through subscriptions or fees.
If you’ve ever thought about monetizing data—whether as a product or a service—there are now...
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