A Classification Framework for Data Marketplaces

Vomfell Lara, Stahl Florian, Schomm Fabian, Vossen Gottfried


Abstract
Trading data as a commodity has become increasingly popular in recent years, and data marketplaces have emerged as a new business model where data from a variety of sources can becollected, processed, enriched, bought, and sold. They are effectively changing the way datais distributed and managed on the Internet. To get a better understanding of the emergence ofdata marketplaces, we have conducted several surveys in recent years in order to systematicallygather and evaluate their characteristics. This paper takes a broader perspective and relates datamarketplaces to the neoclassical notions of market and marketplace from economics. We providea typology of electronic marketplaces, and discuss their approaches to a distribution of data. Lastly,we provide a distinct definition of data marketplaces in order to integrate these new businessesinto existing research frameworks, leading to a classification framework that can help structuringthis emerging field



Publication type
Report

Peer reviewed
No

Publication status
Published

Year
2015

Editor
Becker Jörg, Backhaus Klaus, Dugas Martin, Hellingrath Bernd, Hoeren Thomas, Klein Stefan, Kuchen Herbert, Trautmann Heike, Vossen Gottfried

Volume
23

Title of series
ERCIS Working Papers

Language
English

ISSN
1614-7448

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