Meaning ● Data Commodification, within the context of Small and Medium-sized Businesses, signifies the transformation of raw data into a standardized, tradable asset. For SMB growth, this means recognizing the potential revenue streams from anonymized customer data or operational metrics. ● Automation accelerates this process, making data extraction and preparation for market much more efficient. Implementation requires careful consideration of data privacy regulations and ethical concerns; turning your business data into a product requires more than just good algorithms; it demands good governance and strategic thinking related to market demand for what insight you bring to a buyer who needs insights. Scope ● The scope for SMBs includes evaluating which data sets possess commercial value and establishing the infrastructure for secure data sharing or sales. This often involves investing in data anonymization techniques and compliance protocols to mitigate risks. Smart SMBs can see automation as both means to make existing internal operations better, as well as an accelerant to external revenue streams; this can include market and sentiment analysis. Data, properly refined, can serve as a useful tool for internal and external applications.