liveBook · Manning

Data marketplace

As explained in Data for All

A data market is a market in which data or data-related services are exchanged between suppliers and buyers.

Could data collected by one company be useful to another? A data marketplace gives companies a public place to offer or acquire data. It is a type of data exchange: unlike an arrangement between two companies or a private exchange for selected participants, it is open to any company that wants to supply or consume data. Some marketplaces span many industries and types of data. section 6.6.1

Think of an exchange as a place where suppliers and buyers can find one another rather than negotiate every connection from scratch. Finding data is only part of the job: participants also need to address ownership, price, trust, security, and oversight. Those questions matter when an organization wants to turn data it holds into a product someone else can use. section 6.6 section 1.5.4

Electricity data on an exchange

When the Shanghai Data Exchange was announced in 2021, its first listings included 20 data products across eight industries. State Grid Shanghai described using exchange rules to offer processed electricity-data products intended to meet security requirements and buyer demand. The example shows that a listing is not just raw information: rules and preparation affect whether it can be traded. section 6.6

Do not assume today’s marketplaces already give you an easy way to sell your own data. Commercial exchanges are still developing; much of the available data comes from established list brokers, company catalogs, and government Open Data. A broader vision links exchanges with data commons and intermediaries that could help individuals manage, share, and earn from their data. That shift is a proposed direction, not an established feature of every marketplace. section 6.6.1 section 1.6

How Data for All covers it

How deep it goes
Defines a marketplace among three exchange types and discusses trading obstacles, without detailing how to build a platform.
Examples
Uses the Shanghai Data Exchange’s initial listings and a processed electricity-data product to illustrate exchange activity.
What it assumes
Introduces exchange types in plain terms without requiring knowledge of platform implementation.
What you can do after
Evaluate/understand how a public data marketplace differs from private exchanges and why current offerings may have limited value to individuals.
How it connects
Connects data marketplaces to peer-to-peer data exchange, private data exchange, Open Data, data commons, and data intermediaries.

Related concepts

This explainer was generated by Manning's knowledge graph from the text of Data for All. The section links point to the parts of the book it draws on.