The EDM Council announces the publication of DataCo: Independent Data Organizations Maximizing the Value of Data, the third report produced by our Data ROI Working Group.
This downloadable report demonstrates why forming a DataCo – or Data Company, an independent organizational construct – can maximize the value of the data assets of a parent organization. To explore the current landscape of this approach and determine the criteria to define a DataCo, the report analyzes public information from 51 companies that have created distinctly named constructs focused on leveraging a parent company’s data.
The EDM Council Data ROI Working Group has determined that a DataCo has three defining characteristics:
- It manages all or a portion of its parent organization’s data
- It is independent from parent organizations
- It maximizes the value of the data of the parent organizations