Digital Economics Effect #2: Economic Value of Digital Assets Grows

Sharing and reusing data and analytic modules accelerate use case time-to-value and de-risks use case implementation (see Figure 7.5).

Figure 7.5: Effect #2: Economic Value of Digital Assets Grows

Reuse of the data courtesy of the organization's data lake is one factor that can accelerate use case time-to-value and de-risk use case implementations. For example, one might find that it takes 9 months to complete the first use case because the organization needs to pay the price of creating curated data (including associated data preparation, data management, data transformation, data enrichment, and data governance) that is housed in the organization's data lake. And then maybe the second use case takes 6 months because while the organization can reuse the data in the data lake from Use Case #1, it might need to add another curated data source to support Use Case #2 (and so forth as the organization...