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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Internal Monetization of Data
Description: Internal Monetization of Data Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In addition to selling your data to other companies, startups can monetize their own data internally. This method uses data to lower costs and increase the revenue of your own startup. Here’s a list of ways to monetize your data internally: Reduce costs -- use it to save time and money in your startup. This could be reducing inventory for items that rarely sell or it could be increasing the utilization of equipment. Increase revenue th...