A Classification Framework for Data Marketplaces

Stahl Florian, Schomm Fabian, Vossen Gottfried, Vomfell Lara

Abstract
Trading data as a commodity has become increasingly popular in recentyears, and data marketplaces have emerged as a new business model where data from a variety of sources can be collected, aggregated, processed, enriched, bought, and sold. They are effectively changing the way data is distributed and managed on the Internet. To get a better understanding of the emergence of data marketplaces, we have conducted several surveys in recent years in order to systematically gather and evaluate their characteristics. This paper takes a broader perspective and relates data marketplaces as currently discussed in computer science to the neoclassical notions of market and marketplace from economics. Specifically, we provide a typology of electronic marketplaces, and discuss their approaches to the distribution of data. Finally, we provide a distinct definition of data marketplaces, leading to a classification framework that can provide structure for the emerging field of data marketplace research.

Keywords
Data-as-a-Service; Data marketplace; Data marketplace survey; Data marketplace development; Classification; Economics; Computer Science