Thread by @Dagnum_PI

1/7 🧵 The importance of #data in our digital economy is becoming more pronounced. By 2025, the total amount of data generated is expected to reach a staggering 175 zettabytes, with enterprise data increasing at a 42% annual growth rate. #BigData

https://twitter.com/BenJorgensen/status/1662137156553539584

2/7 This vast volume of data births the "data economy", a digital ecosystem where businesses, individuals, & government agencies gather, share, and monetize data, tapping into unexplored markets and serving with data-driven products. #DataEconomy

3/7 Organizations are participating in the data economy by eliminating data silos and promoting collaboration. This data exchange is helping organizations unlock value and create new business models. #DataExchange

4/7 Over half of business leaders say participation in the data economy led to new business models. Example: Telstra using IoT devices to convert various types of data into actionable insights for Australia's agricultural industry. #IoT #DataInsights

5/7 Another benefit of the data economy is faster innovation and improved customer acquisition & retention rates. Many businesses are reporting these benefits, underscoring the transformative power of data. #DigitalInnovation

6/7 Companies like RXR Realty, Goldman Sachs' Marcus, and Petrosea have leveraged data to transform their business models and offerings, demonstrating the potential of the data economy across diverse sectors. #DigitalTransformation

7/7 @Conste11ation's $DAG #DataEconomy revolution is here with secure, scalable data transactions. Their metagraph tech & state channels enable unique data products. Metagraph Tokens
#Blockchain #DataMonetization