__

I read the article below and thought it would be appropriate for a QOTW.

The New Information Goldmine

What data could one compile that would have value?

Think of some companies you know….

Could any of those industries benefit from having access to better data, and data that is organized and search-able so value can be derived from it?

It may be likely that the data that is most difficult to obtain and thus least likely to be in an existing database is data not in digital format. What data could this include? Could you come up with a process that could be easily repeatable and allow you to streamline the data entry?

What industries value data the most (advertising, financial, etc)? What ways could you collect data that only you would have, meaning you would have a monopoly on it?  A viral application (FB), toolbar, a format where they have incentive to provide you information (maybe a dating site where you get free access to if you fill out detailed information, what else?).

Image Source: Anne Helmond