Users Demand New Data Usage Models

Firms want new ways to subscribe to and pay for data.

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“Data-as-a-service is the future,” said David Davies, head of ISO commercial services systems at Standard Chartered, who likened the model to the entertainment industry, where movies and TV shows are offered a-la-carte, and where users pay for what they use and can cancel services they don’t. “We’d love to have customized mobile applications that we give to clients, that feeds information based on their portfolio but it’s not feasible. We need change from the ground up before it’s practical…. It