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Monetizing data: when a company produces data and therefore becomes owner of it, it can resell it to a third party and thus obtain monetary value from it. In the field of marketing, this practice is most often carried out during the monetization of personal data, consisting of selling – with authorization of transmission – to a third party, customer or prospect data. Are there any risks to consider? Obviously, there is always a downside to the coin and here it is absolutely not to be neglected.
Here are some important key points that you should keep in mind if wedding photo editing service you want to do Big Data: Data security: data theft is becoming more and more common. The more important and valuable the data, the more it represents a target. Data confidentiality: companies must be able to ensure that the information collected will not be misused or disclosed in error by those responsible for its processing. If this were the case, a company would be exposed to very costly litigation and its reputation would be jeopardized.
Bad data: Companies may collect irrelevant, outdated or false data. This is often due to insufficient time allocated to the project strategy. Poor analysis of the data collected: the use of the data collected is not done directly. In order to be able to learn something from them, it is necessary to analyze them first. However, it is important not to draw causal connections without analyzing the context or meaning of that causality. the results of this analysis could lead to a hasty and false conclusion, or to define causality when in reality it is only a coincidence. Eminence, your digital marketing pioneer can support you not only in this crucial process
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