Data Jackets for Synthesizing Values in the Market of Data

• DOI: 10.1016/j.procs.2013.09.152
• Publication Date: 2013-10-04T03:37:32Z
• Authors: Yukio Ohsawa; Hiroyuki Kido; Teruaki Hayashi; Chang Liu
• Keywords: Innovators Marketplace; data synthesis; Data Jackets; market of data; 0202 electrical engineering, electronic engineering, information engineering; data scientists; 02 engineering and technology

AbstractIn order to make a social environment where analysts and decision makers in active businesses and sciences can be provided with data they need, we discuss why we should and how we can (re)design an environment called the market of data, where each user or provider of data can externalize and share the value of each part of data so that one can buy/sell it in a reasonable condition, e.g., for a reasonable price or as open source if it may give merits to people in general rather than to particular segments who can pay. Presenting one way to go, that is called Innovators’ Marketplace on Data Jackets, we show a vision for the systematic design of the market of data where existing tools and new technologies are configured, such as the visualization of the relation among databases/datasets for aiding stakeholders’ communication about possible use scenarios of data. By this, this paper calls for potential contributors in the future to the market of data.