Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
    data analytics for trademark registration
    Optimizing Trademark Registration with Data Analytics
    6 Min Read
    data analytics for finding zip codes
    Unlocking Zip Code Insights with Data Analytics
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: 4 Key Ways to Turn Big Data Into Big Dollars [INFOGRAPHIC]
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > 4 Key Ways to Turn Big Data Into Big Dollars [INFOGRAPHIC]
Big Data

4 Key Ways to Turn Big Data Into Big Dollars [INFOGRAPHIC]

Datafloq
Datafloq
2 Min Read
SHARE

Big Data offers organizations a lot of possibilities to make a lot more money. Knowing what data to use, how to combine different datasets and how to analyse all that data for new insights can be extremely valuable for organisations.

Big Data offers organizations a lot of possibilities to make a lot more money. Knowing what data to use, how to combine different datasets and how to analyse all that data for new insights can be extremely valuable for organisations. In a blog post, Bill Schmarzo, described to four M’s as counterpart of the common 3V’s, or 7V’s as I like to describe Big Data. The four M’s mean ‘Make Me More Money’ and are all about how organisations can make more money using Big Data.

Big Data can help to drive business objectives by looking at different value creation processes within the organisation. This can help to optimize different proceses resulting in better insights and better decision-making. In addition, according to Schmarzo, Big Data can be monetized by repackaging data and selling it to partners or use the insights derived from that data to create smarter products resulting in better end-user experiences.

I really appreciate that you are reading my post. I am a regular blogger on the topic of Big Data and how organizations should develop a Big Data Strategy. If you wish to read more on these topics, then please click ‘Follow’ or connect with me via Twitter or Facebook.

You might also be interested in my book: Think Bigger – Developing a Successful Big Data Strategy for Your Business.

This article originally appeared on Datafloq. 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

crypto marketing
How a Crypto Marketing Agency Can Use AI to Create Powerful Native Advertising Strategies
Blockchain Exclusive Marketing
data driven insights
How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
Analytics Big Data Exclusive
image fx (37)
Boosting SMS Marketing Efficiency with AI Automation
Exclusive
pexels pavel danilyuk 8112119
Data Analytics Is Revolutionizing Medical Credentialing
Analytics Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

big data helping architectures
Big DataVirtual Reality

How Big Data And Architecture Are Teaming Up For Success

7 Min Read

Visualizing Reuters Editorial Investment

1 Min Read

Nortel to Develop Virtual Collaboration Tool called web.alive…

0 Min Read

The Case Against Triage

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?