3 Pillars of the Data Economy

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Our industry continues to see an ongoing upsurge in data volumes. This comes with the insatiable need by industry-leading companies to exploit existing data to foster business development and growth. We can see the data economy expanding as the many barriers that hinder and impede its progress are torn down.

At DataStreamX, we classify the ecosystem enablers into three major pillars, namely creation, assessment, and consumption. All of these are equally important and are critical to enabling a liquid data economy. In this regard, if you’re interested in partaking of the data gold mine that will drive innovation and business profits, then it’s important for you to learn how each enabler of the big data ecosystem is employed such that they provide you with insights on where your work and investments will obtain the most gain.

While building the platform and architecture of the big data infrastructure at DataStreamX and while helping our clients launch their data products, I have learned and gained insights on what works and what does not. In this series, I’ll take you through what I think the future of the data economy is.

In this article, I will discuss the trends that will drive the data product creation process. I …

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