DATA HAS MASS, IT WON’T WEIGH DOWN THE BUSINESS Building a market data business is not rocket science. Intriguingly Dr
Category: Data Governance
8 RULES FOR BUILDING A DATA BUSINESS: RULE 8 KNOWING DATA WORKFLOWS=KNOWING REVENUE FLOWS
Rule 8 Objective: Make sure dollars follow data. Identify all participants in the data workflow from source to consumption to
8 RULES FOR BUILDING A DATA BUSINESS: RULE 7 BUILD PARTNERSHIPS
Rule 7 Objective: No data business is completely standalone, so partnerships must be utilised to provide resources, reach, and presence
8 RULES FOR BUILDING A DATA BUSINESS: RULE 6 LEVERAGE TECHNOLOGY
Rule 6 Objective: Leverage technology as the tool to facilitate data business, in its own right, rather then being hostage
8 RULES FOR BUILDING A DATA BUSINESS: RULE 5 BEG, STEAL, BORROW EMPLOY THE RIGHT BUSINESS MODEL
Rule 5 Objective: Establish business parameters that maximise revenue by developing strategies appropriate for your datasets matched to the potential
8 RULES FOR BUILDING A DATA BUSINESS: RULE 4 KNOW YOUR MARKET
Rule 4 Objective: Know which clients and markets have a need for the data, the purposes to which it will
8 RULES FOR BUILDING A DATA BUSINESS: RULE 3 VALUE YOUR DATA
Rule 3 Objective: Understand, then place a value on the data relative to the market to form the business’ revenue
8 RULES FOR BUILDING A DATA BUSINESS: RULE 2 KNOW YOUR DATA
Rule 2 Objective: Discover what data is available, its’ utility, quantify and qualify its attributes, to form the product base
8 RULES FOR BUILDING A DATA BUSINESS: RULE 1: INTELLECTUAL PROPERTY RIGHTS are NUMBER 1
DUELLING WITH HYDRA Rule 1 Objective: Implement Intellectual Property Rights establishing 100% data ownership that will generate fees from the
8 RULES FOR BUILDING A DATA BUSINESS: WHAT ARE THEY?
EXPLOITING RAW DATA POTENTIAL The global market data industry is rapidly approaching revenues of US$50 Billion per annum. Yet this