Startup Funding Espresso Data as a Service Business Model
Data as a Service Business Model Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Data as a service provides data both internally and externally to improve the functioning of the business. Here are some key points to consider in setting up a data as a service function for your company: Look for gaps in your data and find new data to fill the critical holes. Consider setting up external data storage as the volume of data can overwhelm your internal servers. After building data for an internal application, consider monetizing it by selling it to external entities. Focus business applications on increasing revenue. Look for ways to predict future outcomes not past results. Look for existing revenue streams to see how to enhance the revenue. Consider the regulatory issues around personalized data. Mind the optics of public perception on collecting and using data. Data as a service applications maintain Saas-like valuations and margins so it\u2019s highly profitable. Everything is moving online and will be digitized. Look for that which has not yet moved online to focus your search for a new business application. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .