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And it has quite some catching up to do – the smart manufacturing industry is set to grow from $250 billion in 2021 to $658 billion in 2029. Ultimately, businesses didn’t have the ability to analyze this data, gain insights or build apps around the outputs.
Data monetization is transforming the landscape of modern business, unlocking vast opportunities by turning raw data into economic value. As organizations increasingly leverage bigdata and advanced technologies, they find innovative ways to generate revenue or enhance offerings through data insights.
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