A Survey on Data Markets
Abstract
Data is the new oil of the 21st century. The growing trend of trading data for greater welfare has led to the emergence of data markets. A data market is any mechanism whereby the exchange of data products including datasets and data derivatives takes place as a result of data buyers and data sellers being in contact with one another, either directly or through mediating agents. It serves as a coordinating mechanism by which several functions, including the pricing and the distribution of data as the most important ones, interact to make the value of data fully exploited and enhanced. In this article, we present a comprehensive survey of this important and emerging direction from the aspects of data search, data productization, data transaction, data pricing, revenue allocation as well as privacy, security, and trust issues. We also investigate the government policies and industry status of data markets across different countries and different domains. Finally, we identify the unresolved challenges and discuss possible future directions for the development of data markets.
Cite
@article{arxiv.2411.07267,
title = {A Survey on Data Markets},
author = {Jiayao Zhang and Yuran Bi and Mengye Cheng and Jinfei Liu and Kui Ren and Qiheng Sun and Yihang Wu and Yang Cao and Raul Castro Fernandez and Haifeng Xu and Ruoxi Jia and Yongchan Kwon and Jian Pei and Jiachen T. Wang and Haocheng Xia and Li Xiong and Xiaohui Yu and James Zou},
journal= {arXiv preprint arXiv:2411.07267},
year = {2024}
}