How to Monetize Data: Rules of the Road and Ethical Dilemmas

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Author(s): Lokke Moerel (Tilburg University, The Netherlands)
Copyright: 2021
Pages: 10
Source title: Global Business Leadership Development for the Fourth Industrial Revolution
Source Author(s)/Editor(s): Peter Smith (The Leadership Alliance Inc., Canada) and Tom Cockburn (Center for Dynamic Leadership Models in Global Business, Canada)
DOI: 10.4018/978-1-7998-4861-5.ch004

Keywords: Business & Management / Business Science Reference / Global Business / Management Science

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Abstract

This chapter is a continuation of the preceding chapter, where the author discussed the obstacles encountered by established companies when wishing to transform their business models and provides suggestions for improvement of their corporate governance to better navigate the digital transformation. In this chapter, the author provides practical rules of the road for how established companies can monetize their data including some pitfalls for established companies and discusses a number of ethical dilemmas that companies have encountered in practice when implementing new digital technologies and services.

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