A data resource value chain is a step-by-step business model for transforming a product or service from idea to reality. As per the attached image, data resource value chains help increase a business’s efficiency so the business can deliver the most value for the least possible cost. A data resource value chain involves eight primary activities: creation, acquisition, certification, disclosure, production, distribution, dissemination, and usage. In layman’s terms, a data resource value chain is formed of primary activities that add value to the final product directly and support activities that add value indirectly. One can create a data resource value chain diagram by using EdrawMax or EdrawMax Online.
