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What is commoditization?

What is commoditization? Here are some definitions.

Noun
  1. The transformation of something into a commodity
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The decrease in data revenues was mainly as a result of continued price commoditization and slower demand.
Is the commoditization of learning material a way to bring education to all?
The increasing commoditization of knowledge and limitation of ownership are disturbing, as is the mounting loss of independence in research.
Another aspect of the commoditization of gas has been the development of futures markets and the use of a variety of hedging instruments.
As I have indicated before, the Liberal Party does not support the bulk water export diversion and commoditization of Canada's water resources.
But with MPLS commoditization, service providers now face price and margin erosion on their VPN offerings.

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