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Companies can monetize data by treating it as a product

Companies can unlock significant profit by treating their existing data as a product rather than just an input for internal reporting or AI experiences. This approach, exemplified by retail giants like Walmart and Kroger, transforms operational data into high-margin revenue streams, such as retail media networks. The core idea is to structure and package this data to directly address the decision-making needs of external partners, a strategy applicable across various industries beyond retail. AI

IMPACT Treating data as a product, rather than an input, will become crucial as AI tools become commoditized, shifting competitive advantage to the quality and structure of data inputs.

RANK_REASON This is an opinion piece by an industry expert discussing a business strategy.

Read on Forbes — Innovation →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Companies can monetize data by treating it as a product

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This is an opinion piece by an industry expert discussing a business strategy.
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product, opinion, other
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COVERAGE [1]

  1. Forbes — Innovation TIER_1 English(EN) · Todd James, Forbes Councils Member ·

    You're Sitting On A High-Margin Business—Here's How You Can Realize It

    Everyone will have access to capable AI. What separates companies is what they feed it.