Chapter 5: The Economic Value of Data Theorems

• The Data Economic Multiplier Effect: Data never wears out, never depletes, and can be used across an unlimited number of use cases at near-zero marginal cost.
• Theorem #1: It isn't the data itself that's valuable; it's the trends, patterns, and relationships gleaned from the data about your customers, products, and operations that are valuable.
• Theorem #2: It is from the quantification of the trends, patterns, and relationships that drive predictions about what is likely to happen.
• Theorem #3: Predictions drive monetization opportunities through improved business and operational use cases.
• Theorem #4: The ability to reuse the same datasets across multiple use cases is the real economic game-changer.
• Theorem #5: Trying to optimize across a diverse set of objectives can yield more granular, higher fidelity outcomes that enable "doing more with less".