Opportunities await manufacturers who can monetize untapped data assets to drive growth initiatives and develop new revenue streams
According to the Manufacturing Leadership Council’s recent research, Manufacturing in 2030 Survey: A Lens on the Future, 84% of respondents said they expect the pace of digital transformation to accelerate over the rest of the decade. That means more data—and more opportunity to create value from it.
The emergence of generative AI also creates bigger and better opportunities for direct and indirect data monetization due to the breadth of data now available, both inside and outside the company. As manufacturers consider new use cases, the need for third-party data will increase, making data (both volume and variety) more valuable on data exchanges.
These factors have brought new focus and attention to data and its potential value—in all sectors, including data-rich manufacturing.
If you are just beginning down the path toward data monetization, or have started but stalled, now is the time to get refocused for the future. Opportunities await manufacturing leaders who can monetize untapped data assets to drive growth initiatives and develop new revenue streams over the next few years.
Watch this webcast recording to gain new perspectives on your organization’s data, and how to generate new, innovative, and measurable value streams from your current and future data assets.
Generative AI applications open up a host of new and innovative ways for organizations to monetize their data. A key question is how companies should prepare their data to seize these opportunities.
How Generative AI is empowering manufacturers and revolutionizing data monetization
How digital and sustainability alignment can drive value for manufacturers