Varieties of Big Data Market and Its Future

Bhabani Shankar Nayak and Nigel Walton
Additional contact information
Bhabani Shankar Nayak: London Metropolitan University
Nigel Walton: University of Portsmouth

Chapter 5 in Political Economy of Artificial Intelligence, 2024, pp 95-115 from Springer

Abstract: Abstract There is a new form of market that is growing exponentially, where big data is considered a significant trading commodity. This new market shape affects the nature of production, distribution, supply, pricing and all transactions in the traditional market forms. This chapter is the first attempt to theorise the new market known as the “Big Data Market”, driven by platform companies that infiltrate into our everyday lives. From ubiquitous social networking sites to cutting-edge online trading platforms, these entities gather, store and manage vast amounts of data, utilising it to exert control over established markets and cultivate what we term the “data market”. Within this chapter, we aim to theorise and outline the “data market” as a compelling “concept”, an intricate “process” and a transformative “institution”.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-62308-0_5

Ordering information: This item can be ordered from
http://www.springer.com/9783031623080

DOI: 10.1007/978-3-031-62308-0_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().