The (Unfulfilled) Potential of Data Marketplaces

Koutroumpis PantelisLeiponen AijaThomas Llewellyn D W

Although industrial datasets are abundant and growing daily, they are not being shared or traded openly and transparently on a large scale. We investigate the nature of data trading with a conceptual market design approach and demonstrate the importance of provenance to overcome protection and quality concerns. We consider the requirements for data marketplaces, comparing existing data marketplaces against standard market design metrics and outline both centralized and decentralized multilateral designs. We assess the benefits and potential operational features of emerging multilateral designs. We conclude with future research directions.

Publication info

Series
ETLA Working Papers 53
Date
29.09.2017
Keywords
Data marketplaces, data trading, market design
ISSN
2323-2420, 2323-2439
Jel
D47, D82, K12, L14, O34
Pages
42
Price
15 €
Availability of print version
Available
Language
English