How much does data cost?

If you are thinking about how to sell your data insights to your business teams.

wondering about how much they would pay for it​

and curious about why they aren’t buying in as you hope​

you might also ask another question

How much does data cost?

Not just how much do the 0’s and 1’s cost, but how much does it cost to delivery data insights and data products to your business?

At least the following costs are in play:

• Data storage (disk or blob storage space)

• Software licensing (for Business Intelligence, data governance, databases, etc.)

• Infrastructure and cloud costs (for computing, networking, security, etc.)

• Salary and Benefits (for data analyst, data engineers, data scientist, managers, etc)

• Employee training and development (for technical and non-technical users)

• Security and compliance (for security training, regular audits and privacy reviews)

• (What else would you add?)

That list adds up to a large dollar figure. Is it worth it?

Is your data actually an asset to your company?

Or is it a liability?

Is it delivering more value than it costs?

Or is it a money pit?

You keep putting money into hoping value comes out...

If you need help answering these questions,

I’m here,

Sawyer

from The Data Shop​

p.s. Your data is valuable. I promise. My favorite part of my job is helping companies turn their data from a liability into an asset. Hit reply if you want to talk more.