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Five Business Models for Linked Data Linked data is structured data that is linked to other data making it more useful for searches and queries. A wiki site often holds linked data sets. Here's a list of five business models around the use of linked data. Subscription revenue such as…

Business Model Examples for Data There are several business models used for monetizing data. Here are some of the more commonly used ones: Brokerage -- this model matches data providers for data users for a fee. There are thousands of data sets available and many of them are not easily…

Building a Data-Driven Business Model A data-driven business model can accomplish a number of goals such as increasing brand awareness, understanding the customer better, and improving products and services. Here are the key steps in building a data-driven business model: First, determine the outcome of the business model. Find clarity…

Data Monetization Requirements Monetizing data requires several key components. Here's a list of components needed to monetize your startups data: Ability to acquire the data -- the more you can source your own data versus relying on others the more valuable your data will be. Ability to store the data…

Data Business Models There are several ways to approach data monetization. Here are four approaches to consider for your data: Basic content -- this business model provides raw or analyzed data that can be used as is.  An example is a customer list with contact information. One can sell this…

Data Strategy In monetizing data for your startup, you'll need a data strategy. Here are the key components of a data strategy: Identify the problem to solve -- the problem must be specific enough to indicate the type of data needed to present a solution. Store the data -- you'll…

How To Monetize Your Data There are several business models for monetizing data. Consider these models for your startup: Mining your own data -- this business model takes your own startups data and uses it to provide new services and products for the business. This could be creating a resource…

Data Monetization Models There are several data monetization models for startups.  Sources of data come from a large network of customers, in depth content, or heavily trafficked websites. Consider these for your startup. Data as a service -- takes data generated by the startup and makes it available to other…

What Is a Data Strategy and Why Is It Important A data strategy is a comprehensive plan to use data to drive business decisions. You can use it to monetize data to achieve your business goals. Data strategy has four components: Story -- it tells the goals of your business…

UX Design UX design provides the experience the user encounters when using a product. This is different from the user interface which is simply how the information is rendered to the user. The UI consists of the typography, color palettes, and navigation. The UX is the customer journey with the…