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Configuration of Data Monetization: A Review of Literature with Thematic Analysis

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  • Payam Hanafizadeh

    (Allameh Tabataba’i University)

  • Mohammad Reza Harati Nik

    (Allameh Tabataba’i University)

Abstract

Due to the increasing volume and variety of data on the Internet as well as in organizations, the role of data has changed from a passive entity to an active asset. Data are considered as a novel source of revenue, and the process of creating wealth from it is called “data monetization.” Data monetization is used for realizing a type of competitive capability for organizations. It provides organizations with flexibility for using information assets in response to customer expectations and environmental pressures. The present study, hence, is aimed to clarify the configuration of data monetization by conducting a systematic review. The thematic analysis based on inductive approach was used to construct the configuration. The global themes, namely “monetization layer,” “data refinement process layer,” “base layer,” and “accessing and processing restrictions layer” with their related themes as the subset components were obtained. Each of these global themes represents the constructive layers which play an important role in data monetization mechanism. All extracted themes were synthesized as a configurational model called “data monetization configuration” (DaMoC). This proposed configuration is validated by a real application, i.e., Cardlytics.

Suggested Citation

  • Payam Hanafizadeh & Mohammad Reza Harati Nik, 2020. "Configuration of Data Monetization: A Review of Literature with Thematic Analysis," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 17-34, March.
    • Handle: RePEc:spr:gjofsm:v:21:y:2020:i:1:d:10.1007_s40171-019-00228-3
    DOI: 10.1007/s40171-019-00228-3
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    2. Valliappan Raju, 2021. "Implementing Flexible Systems in Doctoral Viva Defense Through Virtual Mechanism," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 127-139, June.
    3. José Celso Contador & Walter Cardoso Satyro & Jose Luiz Contador & Mauro de Mesquita Spinola, 2020. "Flexibility in the Brazilian Industry 4.0: Challenges and Opportunities," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 15-31, June.
    4. Mohammad Asim & Saboohi Nasim, 2022. "Modeling Enterprise Flexibility and Competitiveness for Indian Pharmaceutical Firms: A Qualitative Study," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(4), pages 551-571, December.
    5. Alex V. Teixeira & Denis Alcides Rezende, 2023. "A Multidimensional Information Management Framework for Strategic Digital Cities: A Comparative Analysis of Canada and Brazil," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(1), pages 107-121, March.
    6. Davide Settembre-Blundo & Rocío González-Sánchez & Sonia Medina-Salgado & Fernando E. García-Muiña, 2021. "Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 107-132, December.
    7. Payam Hanafizadeh & Mahdi Barkhordari Firouzabadi & Khuong Minh Vu, 2021. "Insight monetization intermediary platform using recommender systems," Electronic Markets, Springer;IIM University of St. Gallen, vol. 31(2), pages 269-293, June.
    8. Duan, Yongrui & Liu, Peng & Feng, Yixuan, 2022. "Pricing strategies of two-sided platforms considering privacy concerns," Journal of Retailing and Consumer Services, Elsevier, vol. 64(C).
    9. Payam Hanafizadeh & Mojdeh Gerami Amin, 2023. "The transformative potential of banking service domains with the emergence of FinTechs," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(3), pages 411-447, September.

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