Data Market Platforms: Trading Data Assets to Solve Data Problems

• DOI: 10.48550/arxiv.2002.01047
• Publication Date: 2020-01-01
• Authors: Raul Castro Ferna...; Pranav Subramaniam; Michael J. Franklin
• Keywords: Market data

Data only generates value for a few organizations with expertise and resources to make data shareable, discoverable, easy integrate. Sharing that is discover integrate hard because owners lack information (who needs what data) they do not have incentives prepare the in way consume by others. In this paper, we propose market platforms address of tackle problems sharing, discovery, integration. platform, want share will be rewarded if so. Consumers are encouraged their solve discovery integration problem them exchange some form currency. We consider internal markets operate within bring down silos, as well external across increase everybody. outline research agenda revolves around two problems. The design, or how design rules lead outcomes want, systems problem, implement enforce rules. Treating first-class asset sorely needed extend more organizations, one mechanism achieve goal.