Which of the following is TRUE about monetization exercise?
A.
The monetization exercise provides an opportunity to uncover new product and/or service opportunities
B.
The monetization exercise works by first understanding the product usage patterns and customer usage behaviors associated with a particular product and service
C.
The monetization exercise process then seeks to identify complementary or secondary recommendations that can be packaged and delivered along with that product or service
D.
Both B and C
E.
All of the above
The Answer Is:
E
This question includes an explanation.
Explanation:
The monetization exercise is a critical phase in Big Data Business Model Maturity where organizations turn insights into new revenue opportunities.
Option A: Correct. Monetization often uncovers new product or service opportunities by leveraging analytics.
Option B: Correct. The first step is analyzing product usage patterns and customer behaviors to identify hidden value.
Option C: Correct. Insights help in building secondary recommendations or complementary products/services (cross-sell, upsell opportunities).
Thus, all three statements are valid, making the correct answer Option E (All of the above).
[Reference:, DASCA Data Scientist Knowledge Framework (DSKF) – Business Applications of Data Science: Data Monetization Strategies., ]
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