current affairs of 2019
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Answer:
Explanation: Data monetisation
why competency and privacy is essential before setting up data monetization platform at city levels ?
Data monetization a new mean for revenue generation ?
Data monetization is new source of revenue creation for the government especially for state administrators.we are in way to create a data monetize platform which will provide us access to the indissoluble or ever expanding data . This facility will be benefits to each and everyone who wants to explore.for example the scholars who need data regarding environment or traffic they can easily avail it on this platform by paying a nominal amount ,free data also available depends on the category of information .
It requires a investment before setting up DSPs as data privacy policy , like a oil data also require to be refine before use it need to be verified.the maintenance of the system will also consume a amount of investment.
The data monetization platform will provide great revenue opportunities for future . The main concern before monetizing data is data competency and data privacy and to cop up with this issues data monitoring agency and a comprehensive data protection act is require.
Before setting up data monetization platform these two prerequisite are essential to have .competency is to ensure data reliability and privacy to provide safety to personal data .