Data monetization is the process of extracting commercial value from your internal data assets. The process entails data transformation, parsing, creating data products, developing a pricing strategy, delivering the data products across channels, and finally receiving payment upon data fulfilment.
External data monetization is a emerging, yet provably successful business model. As more data-as-a-service companies are appearing, monetizing data is becoming increasingly mainstream. In particular, we’re seeing external data monetization take off amongst innovative companies who are selling valuable internal data to add a new revenue stream to their business.
Monda makes it easy to create data products, publish a data storefront, integrate with data marketplaces, and manage data demand - data monetization made simple.
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