what you're DOing!
what you CAN do!
what do you WANT!
if all intersects, then happiness comes...
what you're DOing!
what you CAN do!
what do you WANT!
if all intersects, then happiness comes...
1. Provide new content: Sell or license new, richer, or more-targeted data.
A personalized diet: A meal-by-meal program that would tailor menus to each customer's sex, age, health status, exercise routine, travel schedule, and wellness goals
2. Repackage: Filter, synthesize, and reformat data created by others.
Online custom reports: Customized, just-in-time data distilled from multiple sources and sent directly to a customer's PDA
3. Informationalize: Outfit existing offerings to enable them to create and deliver useful data.
An instrument-equipped hospital gown: Heart-rate and other monitoring devices integrated into a gown that could transmit real-time patient data to hospital staff
4. Unbundle: Extract data from existing products and sell those data separately.
Unbundled equity trading: Separating investment advice from trade execution in order to allow advisers to focus on and charge separately for the advice
5. Exploit asymmetries: Use superior access to or understanding of data to leverage perceived differences in the value of products or services.
Hedge fund management: The use of data-derived insights by hedge fund managers to create opportunities for arbitrage
6. Rectify asymmetries: Provide data to the less-informed party in a transaction in order to level the playing field.
Consumer education: Unbiased product performance, quality, and price comparisons, like those Consumer Reports offers, to enable consumers to make better-informed buying decisions
7. Provide identifiers: Create unique labels for households, retail outlets, and products to help businesses find what and whom they are looking for.
An expanded securities-numbering system: An international system, modeled after Standard & Poor's CUSIP system for U.S. securities, to make all securities worldwide easily distinguishable
8. Infomediate: Make it easier for consumers to find the data they need.
Webpage ranking: A proprietary ranking method, like that used by Google, that delivers highly relevant search results
9. Mine data and conduct analytics: Sift data to gain an understanding of customer behavior, spot product trends, and more.
Movie rental behavior: Recommending films to customers based on their and others' previous rental choices, as Netflix does