How to create new revenue streams with supply chain data monetization

The concept of supply chain data monetization is emerging as a game changer, offering a path to not just recoup these investments but also to open entirely new revenue streams. The global market for data monetization is on an impressive growth trajectory, with estimates suggesting a multibillion-dollar potential. Despite this, many companies continue to share their valuable data without capitalizing on its inherent worth.

The opportunity for supply chains lies in recognizing the value of data beyond internal use —transforming it into a product that can be packaged and sold. This requires a strategic approach to identify who could benefit most from your data and how it can be transformed into actionable insights for others. It is about moving beyond gratuitous data sharing and toward a model where data becomes a valuable commodity.

The journey to data monetization in supply chains is not without its challenges. It involves a careful balance of sharing and security, pricing strategies and the development of new technology-driven capabilities. It’s a journey that requires a roadmap, one that aligns with your organization’s broader strategic goals and the evolving needs of the market.

Interested readers are invited to explore the potential of data monetization strategies in supply chain management by downloading our whitepaper. This is a call to action to start thinking about data not just as a tool for internal decision-making but as a product that can drive external value. It’s a glimpse into a future where data monetization is not just an option but a necessity for those looking to thrive in the data-driven economies of tomorrow.