Monetization refers to the process of converting something into revenue. In the context of telecommunications and digital services, it involves creating income streams through various means such as subscription fees, advertising, selling user data (with consent), or providing premium services. For telecom companies, monetization strategies can include offering bundled services, data plans, value-added services like cloud storage or streaming, and tiered pricing models to cater to different customer needs. Effective monetization is crucial for businesses to sustain operations, invest in new technologies, and deliver value to customers and stakeholders.