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MIT Sloan School of Management: Data Monetization Strategy: Creating Value Through Data

Incorporate data monetization into your business strategy and compete in a digital economy

Incorporate data monetization into your business strategy and compete in a digital economy

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This course is offered by , an edX partner
6 weeks
6–8 hours per week
Starts Jul 17, 2024
Enroll by Jul 23, 2024
Instructor-paced
Instructor-led on a course schedule
6 weeks
6–8 hours per week
Starts Jul 17, 2024
Enroll by Jul 23, 2024
Instructor-paced
Instructor-led on a course schedule

About this Course

Data, and the value it supplies, has become an invaluable business asset in today’s digital economy. Data monetization — converting data and analytics into financial gain — is now a crucial source of economic value for organizations across the globe.1

Explore how your organization can realize the full and future value of its data assets in the Data Monetization Strategy: Creating Value Through Data online short course from the MIT Sloan School of Management. Guided by renowned Faculty Director Dr. Barbara Wixom, you’ll learn to identify opportunities to create value from data to generate financial returns, drive process improvements, and leverage data-based insights to enrich products. In six weeks, you’ll gain a comprehensive understanding of data monetization using CISR-developed frameworks to empower you and your teams to strategically maximize value creation through data.

1MIT CISR (Nov, 2019).

The growing importance of data as a primary driver of business strategy, requires that data-driven business leaders elevate data and analytics strategies to advance a new vision of business problem-solving. This course is relevant to data-driven business leaders and analytics leaders intent on creating economic value from organizational data. People in these roles may include, but are not limited to, chief data officers, chief information officers, chief technology officers, and chief analytics officers. Technology, data, and information managers, not to mention non-tech leaders and business directors, will elevate any existing knowledge and benefit from the practical frameworks unpacked in the course.

Course curriculum

Skip Course curriculum

Learn to leverage data as a strategic asset as you work through the weekly modules of this online short course.

Orientation module: Welcome to your Online Campus

Module 1: Data monetization: Converting data into financial value

Module 2: Data monetization capabilities: Building enterprise data foundations

Module 3: Improving: Generating value through data-driven process optimization

Module 4: Wrapping: Generating value from analytics features and experiences

Module 5: Selling: Generating value from information solutions

Module 6: Data monetization strategy: Choosing a plan for organization-wide value creation

About the certificate

Unravel the complexities of data monetization and earn an official digital certificate of completion from MIT Sloan.

This program also counts toward an MIT Sloan Executive Certificate, which you can earn upon completion of four programs where at least three of the four come from your chosen certificate track and at least one is completed in person. Find full details here.

Your certificate will be issued in your legal name and sent to you digitally upon successful completion of the program, as per the stipulated requirements.

Some facts about the subject

$4.8 billion

The projected growth of the global data monetization market by 2027.

_ReportLinker (Jul, 2020). _

2.5

Top-performing companies in data monetization drive greater monetization outcomes by a factor of 2.5 as compared to bottom performers.

_MIT CISR and AlixPartners (Jul, 2020). _

Why choose GetSmarter?

GetSmarter, an edX partner, delivers career-relevant, fully supported, and expert-led online courses from the world's leading universities and institutions. As an online learning expert with over 15 years' experience, GetSmarter leverages long-standing expertise in market research, data analysis, and business insights to ensure that you gain the skills critical to career growth.