Data Market Platforms: Trading Data Assets to Solve Data Problems

Understand

Data only generates value for a few organizations with expertise and resources to make data shareable, discoverable, and easy to integrate.

• Sharing data that is easy to discover and integrate is hard because data owners lack information (who needs what data) and they do not have incentives to prepare the data in a way that is easy to consume by others.
• In this paper, we propose data market platforms to address the lack of information and incentives and tackle the problems of data sharing, discovery, and integration.
• In a data market platform, data owners want to share data because they will be rewarded if they do so.