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Report

Spatial Data Monetization 101

A guide for enterprise organizations aspiring to monetize their spatial Big Data externally.

Is your organization, either directly or indirectly, currently collecting Big Data with a location component? Perhaps you are already using this data within your enterprise and would like to be able to extract more value from it but are not sure where to begin? If you have started to monetize your data, how do you offer it to a wider audience? CDOs, CTOs and data product strategists are facing the same challenges.

The global data monetization market is projected to reach over $15.4 billion by 2030. 68% of organizations will increase investment in Spatial Data Science over the next two years (according to The State of SDS in Enterprise) leading to a soaring demand for spatial data of all types. Are you ready to turn your data into a viable product with the needs of the final users in mind?

This report aims to break down all the steps and best practices involved when taking your spatial data to market and ensuring you avoid common pitfalls along the way. The strategies outlined in this report have been used successfully by market leaders such as Vodafone and whether your data is a core asset or not, you can maximize revenues using the insights within.

In this report you will learn:

  • About the different types of monetizable data
  • How to transform your data into a viable product
  • Why Spatial Data is a special case
  • How to integrate with a data marketplace

....and much more.

Interested in how your team can become savvy in spatial? You can also download our Becoming a Spatial Data Scientist ebook here.

The State of Spatial Data Science in Enterprise 2020 Report

© CARTO 2019

The world's leading Location Intelligence platform.

The world's leading Location Intelligence platform.