Chapter 14
Monetizing Data and Data Science Expertise
IN THIS CHAPTER
Selling data services
Monetizing your data science products
Making money from data itself
Doubling down on data privacy
“Data is the new oil.” Clive Humby, a British mathematician and data science entrepreneur, said that all the way back in 2006! What did he know that most didn’t? Well, he clearly must have seen the explosive potential for revenue generation that is available via the right combination of data resources, data expertise, and business-building know-how. I discuss Clive later in this chapter, but first I want to acquaint you with the various alternatives when it comes to monetizing data services, data products, and data partnerships. At the end of this chapter, I want to have a serious talk with you about AI ethics and their paramount importance in the survival of the planet, our businesses and societies, and the future of humanity. Make sure not to skip that part!
Setting the Tone for Data Monetization
Data monetization — the direct or indirect sale of data resources, technologies, or skill sets — isn’t ...
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