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Data Liquidity: Data Exchange Platforms as Drivers of Innovation As the next phase of the internet unfolds with the rise of embedded sensors and communication devices across cities, workplaces, homes and on our bodies, often referred to as the Internet of Things (IoT), a market is emerging for the trading of data generated by these devices. This paper explores some of the … [Read more...] about Data Exchange Platforms as Drivers of Innovation

UK Data-Driven survey "Data-driven innovation forms a key pillar in 21st century sources of growth" - OECD I recently completed a survey of more than 1000 UK-based start-ups that were using data to create innovative products and services. Just over 500 of these firms could be said to be data-driven in that data was a core component of their business models. A detailed … [Read more...] about How UK Start-ups are building data-driven business models

Building Business Models for the Internet of Things (IoT): a Literature Review Abstract This paper presents a comprehensive literature review of research relating to IoT business models. The results highlight research that has developed theory relating to IoT business model development and identifies some common threads linking the research. The findings represent an analysis … [Read more...] about Business Models for the Internet of Things (IoT)

The phrase, "Data is the New Oil" is widely used but how are companies actually using data to create new and innovative business models? This post explores some of the ways data is being commercially exploited and explains what companies should do which are considering developing data-driven business models.   Google and Facebook have shown how the data which flows across the … [Read more...] about Best Practices for Building a Data-Driven Business Model

Data-Driven Business Models Although we are awash with data, making money from it is not always straightforward. Low barriers to entry and the commoditization of many data sources mean that creating and then sustaining a profitable data-driven business model is a considerable challenge. My current research into the business models of over 500 startups and high-growth, … [Read more...] about Building a Data-Driven Business Model