Turn Your Data Into Something Valuable

Diamonds. Cars. Houses. Everyone wants something of value. But the most important thing of value, may be right under your nose, your data. It’s everywhere and has infinite repercussions. It can change/influence your business strategy. But how do you maximize its value? Here are some ways you can get the most value from your data.

Money, Money, Money, Money

Wayne Eckerson, of the Eckerson Group, says that data, in some cases, is as valuable as the product, and sometimes even more valuable. He has created a five step maturity model, that explains how to monetize your data.  

Health and Wealth

Any industry and organization can benefit from turning their data into a valuable asset. In the healthcare field, it is important to be able to track a patient's outcome in real time, making quick and informed decisions based on factual data.

From bringing actionable data closer to the point of patient interaction in healthcare to using more kinds of data for predictive and search-based analytics in manufacturing, analytics baked into everyday tools produce a higher level of satisfaction than standalone applications. In this video from Mike Lock, Vice President and Principal Analyst of the Aberdeen Group, he provides deep insight into how industries, like healthcare and manufacturing, benefit from actionable insights.