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Measuring the price of data in commercial data marketplaces

Published: 06 December 2022 Publication History

Abstract

A large number of Data Marketplaces (DMs) have appeared in the last few years to help owners monetise their data, and data buyers optimize their marketing campaigns, train their ML models, and facilitate other data-driven decision processes. In this paper, we present a first of its kind measurement study of the growing DM ecosystem, shedding light on several totally unknown facts about it. We show that data products listed in commercial DMs may cost from few to hundreds of thousands of US dollars. We analyse the prices of different categories of data and the challenges of comparing across DMs. We also analise the pricing of specific sellers and products to identify features that apparently correlate with prices, and we point to the need and the challenges of building a quotation tool for data products based on market data.

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Cited By

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  • (2025)Developing a data pricing framework for data exchangeFuture Business Journal10.1186/s43093-025-00422-z11:1Online publication date: 20-Jan-2025
  • (2024)DataMesh+: A Blockchain-Powered Peer-to-Peer Data Exchange Model for Self-Sovereign Data MarketplacesSensors10.3390/s2406189624:6(1896)Online publication date: 15-Mar-2024
  • (2024)Realizing Open and Decentralized Marketplace for Exchanging Data of Expected IoT BehaviorsNOMS 2024-2024 IEEE Network Operations and Management Symposium10.1109/NOMS59830.2024.10575272(1-5)Online publication date: 6-May-2024
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cover image ACM Conferences
DE '22: Proceedings of the 1st International Workshop on Data Economy
December 2022
70 pages
ISBN:9781450399234
DOI:10.1145/3565011
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Publication History

Published: 06 December 2022

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Author Tags

  1. data economy
  2. data marketplaces
  3. data pricing
  4. measurement

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Cited By

View all
  • (2025)Developing a data pricing framework for data exchangeFuture Business Journal10.1186/s43093-025-00422-z11:1Online publication date: 20-Jan-2025
  • (2024)DataMesh+: A Blockchain-Powered Peer-to-Peer Data Exchange Model for Self-Sovereign Data MarketplacesSensors10.3390/s2406189624:6(1896)Online publication date: 15-Mar-2024
  • (2024)Realizing Open and Decentralized Marketplace for Exchanging Data of Expected IoT BehaviorsNOMS 2024-2024 IEEE Network Operations and Management Symposium10.1109/NOMS59830.2024.10575272(1-5)Online publication date: 6-May-2024
  • (2024)Optimizing an LLM Prompt for Accurate Data Extraction from Firearm-Related Listings in Dark Web Marketplaces2024 IEEE International Conference on Big Data (BigData)10.1109/BigData62323.2024.10825446(2821-2830)Online publication date: 15-Dec-2024
  • (2023)Understanding the Price of Data in Commercial Data Marketplaces2023 IEEE 39th International Conference on Data Engineering (ICDE)10.1109/ICDE55515.2023.00300(3718-3728)Online publication date: Apr-2023

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