Related papers: What Is the Price of Data? A Measurement Study of Commercial Data Marketplaces

What Is the Price of Data? A Measurement Study of Commercial Data Marketplaces

URL: http://arxiv.org/abs/2111.04427v1
Date: Mon, 25 Oct 2021 10:39:47 GMT
Title: What Is the Price of Data? A Measurement Study of Commercial Data Marketplaces
Authors: Santiago Andr\'es Azcoitia, Costas Iordanou, Nikolaos Laoutaris
Abstract summary: We present a first of its kind measurement study of the growing Data Marketplace ecosystem. We show that the median price of live data products sold under a subscription model is around US$1,400 per month. For one-off purchases of static data, the median price is around US$2,200.
Score: 0.0
License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
Abstract: A large number of Data Marketplaces (DMs) have appeared in the last few years to help owners monetise their data, and data buyers fuel their marketing process, train their ML models, and perform other data-driven decision processes. In this paper, we present a first of its kind measurement study of the growing DM ecosystem and shed light on several totally unknown facts about it. For example, we show that the median price of live data products sold under a subscription model is around US\$1,400 per month. For one-off purchases of static data, the median price is around US\$2,200. We analyse the prices of different categories of data and show that products about telecommunications, manufacturing, automotive, and gaming command the highest prices. We also develop classifiers for comparing prices across different DMs as well as a regression analysis for revealing features that correlate with data product prices.

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