
Data monetization is basically monetizing the asset of data for generating better revenue. Data monetization, a form of monetization, is generating revenue from available data sources or real time streamed data by instituting the discovery, capture, storage, analysis, dissemination, and use of that data. Said differently, it is the process by which data producers, data aggregators and data consumers, large and small, exchange sell or trade data. Data monetization leverages data generated through business operations as well as data associated with individual actors and with electronic devices and sensors participating in the Internet of Things. The convergence of cloud, data management, IoT platforms, and solutions is enabling the evolution of data analytics in which enterprise realize significant tangible and intangible benefits from IoT data. The ability to sort data in a raw format, store it in different structural formats, and subsequently release it for further analytics, will be of utmost importance for all industry verticals.