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Wednesday, 21st August 2013

Data Monetization in the Age of Big Data

Source: Accenture

The volume and richness of the data now uniquely accessible to mobile providers—whether in the form of transactions, inquiries, text messages or tweets, GPS locations or live video feeds—offers a veritable gold mine of insights and applications. And even as mobile phones have become the primary device through which consumers get their information, those very same devices have begun to facilitate new types of information, including extremely precise, real-time, geolocation information.

Not surprisingly, operators today are talking about when and how to tap into this data and what to do with it. In particular, they want to know how to monetize it: how to sort, analyze and manipulate the data and put it to use. This holds true not only for internal applications, but increasingly for building new revenue streams or collaborating on external applications with third parties as well.

How can mobile operators best approach this new territory? What are the opportunities and challenges? And how can operators shape new business models to monetize their Big Data?

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

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