For financial services firms, the opportunity to monetize customer and transaction is new and compelling – with revenues of US$175-300 billion per year. Financial firms can expect to see nontraditional players trying to muscle into the space. This report identifies five basic business models for using data profitably and effectively.
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The Data Gold Rush: Companies Need the Right Models and Capabilities to Monetize Data
1. The Data Gold Rush
Financial Companies
Need the Right Models
and Capabilities to
Monetize Data
by John Plansky, Jamie Solomon,
Rebecca Karp, and Carl Drisko
find more on
booz.com
2. The Data Gold Rush
Companies Need the Right Models and
Capabilities to Monetize Data
Financial firms are sitting on a
data gold mine
but few recognize the value of their
data
3. The Data Gold Rush
Companies Need the Right Models and
Capabilities to Monetize Data
$175 billion
will be earned by financial firms in
2013 from commercializing their
data
4. The Data Gold Rush
Companies Need the Right Models and
Capabilities to Monetize Data
$300 billion
per year will be earned in the next
3-5 years
5. The Data Gold Rush
Companies Need the Right Models and
Capabilities to Monetize Data
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Data is a
valuable asset
Find out the 5 business models for
using data profitably and effectively