Here are four ways to
capitalize on big data:
Some entrepreneurs have already moved past their original business ideas to
capitalize on big data.
Not exact matches
One of the
biggest challenges for companies that hope to
capitalize on the Internet of things is protecting company and customer
data.
In our work with leading companies looking to develop
big data as a business, we have observed two basic starting positions: companies with a great deal of existing transactional
data that they can
capitalize on, and companies with valuable
data but not enough of it to make the business viable.
It's not
big pharmaceutical companies driving the demand there, he says, but small biotech companies who've realized they can
capitalize on the enormous amount of publicly available health and genomics
data.
Intel already holds 99 percent of the market for computer server chips, according to IDC, so there's certainly a link here for the company to exploit if it wants to
capitalize on the growth of connected devices and
big data.