Startup Funding Espresso Data Monetization Requirements
Data Monetization Requirements Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Monetizing data requires several key components. Here\u2019s a list of components needed to monetize your startups data: Ability to acquire the data -- the more you can source your own data versus relying on others the more valuable your data will be. Ability to store the data acquired -- you\u2019ll need a data platform to hold the data for analysis and processing. Modeling and testing -- you\u2019ll need to model the data captured and analyze it with databases and algorithms for the result sought.\xa0\xa0 Customer requirements -- you\u2019ll need to know the customer\u2019s requirements in order to build data sets of value to them. Compliance and regulatory -- you\u2019ll need to know the current laws around the use of data based on regulatory requirements. People who understand data and how to interpret it -- you\u2019ll need a team that understands data and how to analyze, interpret, and present the results. Consider these elements in building out your data analytics program. \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 .