It’s Time to Invest in Internal Data Sharing

MIT CISR

Randy Bradley reads MIT CISR's May 2023 research briefing, which he co-authored with Barb Wixom and Cynthia Beath. See the text version and related content at https://cisr.mit.edu/publication/2023_0501_InternalDataSharing_BradleyWixomBeath. Organizations with advanced internal data sharing—the ability to easily exchange data assets enterprise-wide—benefit from greater data monetization returns and a lower cost to serve data assets to the organization’s data consumers. This briefing describes three requirements that enable internal data sharing: (1) creating broadly relevant liquid data assets, (2) becoming proficient in both data monetization and cost-to-serve measurement, and (3) developing a highly engaged data democracy. The requirements are illustrated using examples from Amcor, FEMSA, Fidelity Investments, and Scentre Group.