the two most important factors that make data valuable: 1. temporal (as real time as your industry is) 2. has a dollar sign next to it (pricing data)… - Auren Hoffman
" "the two most important factors that make data valuable:
1. temporal (as real time as your industry is)
2. has a dollar sign next to it (pricing data)
the best place to be as a data business is to be the *benchmark* for your industry – when the customer’s product can’t exist without you
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Auren Raphael Hoffman
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This is the #1 thing that most people who work at data companies do not understand. Most people think that they need to hoard the data. But the data increases in value if it can be combined with other interesting datasets. So you should do everything you can to help your customers combine your data with other data. One way to make data easy to combine is to purposely think about linking it — essentially creating a foreign key for other datasets.
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