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Data Monetization in
the Age of Big Data
Harnessing the potential of Big Data seems to be on the
agenda of every mobile operator—and rightly so. In today’s
climate of convergence, in which new technologies and
networks are blurring industry lines, the mobile phone
has become the hub of insight into consumer behavior.
The volume and richness of the Not surprisingly, operators How can mobile operators best
data now uniquely accessible today are talking about when approach this new territory?
to mobile providers—whether and how to tap into this data What are the opportunities
in the form of transactions, and what to do with it. In and challenges? And how can
inquiries, text messages or particular, they want to know operators shape new business
tweets, GPS locations or live how to monetize it: how to models to monetize their
video feeds—offers a veritable sort, analyze and manipulate Big Data?
gold mine of insights and the data and put it to use. This
applications. And even as holds true not only for internal
mobile phones have become applications, but increasingly
the primary device through for building new revenue
which consumers get their streams or collaborating on
information, those very same external applications with
devices have begun to facilitate third parties as well.
new types of information,
including extremely precise,
real-time, geolocation
information.
Data Monetization in the Age of Big Data 1
2 Data Monetization in the Age of Big Data
The Data Opportunity
Analyzing and employing customer data FIGURE 1. A Number of Forces Are Converging to Create Conditions Ripe for Data Monetization
is nothing new. Traditional sources of
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