Data Is Everybody's Business

The Fundamentals of Data Monetization
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Brief Description
Data Is Everybody's Business is a clear, engaging, evidence-based guide to monetising data, designed for everyone from employees to board members. Most organisations view data monetisation—converting data into money—too narrowly, focusing merely on selling data sets. However, data monetisation should be considered a core business activity... Read More
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Data Is Everybody's Business

A clear, engaging, evidence-based guide to monetizing data, for everyone from employee to board member.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Data Is Everybody's Business is a clear, engaging, evidence-based guide to monetising data, designed for everyone from employees to board members.

Most organisations view data monetisation—converting data into money—too narrowly, focusing merely on selling data sets. However, data monetisation should be considered a core business activity for both commercial and non-commercial organisations. Within organisations, it's critical to have wide-ranging support for this pursuit. In Data Is Everybody's Business, the authors offer a clear and engaging way for people across the entire organisation to understand data monetisation and make it happen.

The authors identify three viable ways to convert data into money: improving work with data, wrapping products with data, and selling information offerings. They explain when to pursue each option and how to succeed in doing so.

Key features of the book include:

  • Grounded in twenty-eight years of academic research, including nine years of research at the MIT Sloan Center for Information Systems Research (MIT CISR)
  • Definitions of key terms, self-reflection questions, appealing graphics, and easy-to-use frameworks
  • Rich with detailed case studies
  • Supplemented by free MIT CISR website resources (cisr.mit.edu)

Ideal for organisations engaged in data literacy training, data-driven transformation, or digital transformation, Data Is Everybody's Business is the essential guide for helping everyone in the organisation—not just the data specialists—understand, get excited about, and participate in data monetisation.

Book Details

INFORMATION

ISBN: 9780262552981

Publisher: MIT Press Ltd

Format: Paperback / softback

Date Published: 04 February 2025

Country: United States

Imprint: MIT Press

Illustration: 25 BLACK AND WHITE ILLUS.

Audience: General / adult

DIMENSIONS

Width: 152.0mm

Height: 229.0mm

Weight: 0g

Pages: 200

About the Author

Cynthia M. Beath is Professor Emerita at the McCombs School of Business, University of Texas at Austin. Before embarking on her academic career, she worked in private industry in several information systems development and consulting positions. Barbara H. Wixom is Principal Research Scientist at the MIT Sloan Center for Information Systems Research (MIT CISR), founder of the MIT CISR Data Research Advisory Board, and faculty director for the MIT Sloan online short course Data Monetization Strategy. Leslie Owens is the former Executive Director of MIT CISR and Senior Lecturer at the MIT Sloan School of Management. Previously she was Vice President and Research Director at Forrester Research, and a manager at Abbott.

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