Enterprises are increasingly noticing the importance for expanding their access to data through 3rd party partnership eco-systems to create new advantages and opportunities for growth. Most enterprises do not generate the necessary levels of data on their own, to derive the holistic and neutral actionable insights required to provide new experiences, open new revenue streams and apply new improved operating and business models. This article serves to shed light on some of the challenges, opportunities and solutions appearing.
World Economic Forum calls this opportunity for The Next Breakthrough in Economies, where:
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- 84% - of company values are intangible assets, mostly data.
- >40% - of companies develop data collaborations with other companies.
- 1/3rd - of global GDP will be created in networking companies by 2025.
- $60 trillion - is the total estimated revenue of networked economy by 2025.
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