Vomfell, Lara Stahl, Florian Schomm, Fabian Vossen, Gottfried
Year of Publication:
ERCIS Working Paper 23
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 be collected, 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 to the neoclassical notions of market and marketplace from economics. We provide a 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 businesses into existing research frameworks, leading to a classification framework that can help structuring this emerging field.
Data as a Service Data Marketplace Data Marketplace Survey Data Marketplace Development Classification