A classification framework for data marketplaces

Lara Vomfell, Florian Stahl, Fabian Schomm and Gottfried Vossen

No 23, ERCIS Working Papers from University of Münster, European Research Center for Information Systems (ERCIS)

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 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.

Keywords: Data as a Service; Data Marketplace; Data Marketplace Survey; Data Marketplace Development; Classification (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ercisw:23

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