From the course: The New AI Tech Stack: AI Literacy for Tech Leaders

Unlock the full course today

Join today to access over 24,600 courses taught by industry experts.

Data monetization

Data monetization

- Data monetization is the concept of getting value from data we own. Usually, companies think of their data as a source for building models, but, actually, you can do much more with it. Here are some options. Directly selling data you already have to someone who is interested. There are two options here. Either you sell data with their IP, or you can sell it on a license and still have rights to use them. Gathering additional data. You can start collecting data not core to your business, like some system performance, and sell it to an interested party. For example, being an e-commerce company, you can collect info about packaging and sell it to packaging producers or logisticians. Using data for building your internal models. Selling trained models. You can train models on your data and sell them, obviously, without data. Selling pre-trained models. You can build a pre-trained model for someone else to fine-tune. Partnering with businesses, letting them use data on a licensed basis…

Contents