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A classification framework for data marketplaces

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  • Vomfell, Lara
  • Stahl, Florian
  • Schomm, Fabian
  • Vossen, Gottfried

Abstract

Trading data as a commodity has become increasingly popular in recent years, and data marketplaces have emerged as a new business model where data from a variety of sources can be collected, processed, enriched, bought, and sold. They are effectively changing the way data is distributed and managed on the Internet. To get a better understanding of the emergence of data marketplaces, we have conducted several surveys in recent years in order to systematically gather and evaluate their characteristics. This paper takes a broader perspective and relates data marketplaces to the neoclassical notions of market and marketplace from economics. We provide a typology of electronic marketplaces, and discuss their approaches to a distribution of data. Lastly, we provide a distinct definition of data marketplaces in order to integrate these new businesses into existing research frameworks, leading to a classification framework that can help structuring this emerging field.

Suggested Citation

  • Vomfell, Lara & Stahl, Florian & Schomm, Fabian & Vossen, Gottfried, 2015. "A classification framework for data marketplaces," ERCIS Working Papers 23, University of Münster, European Research Center for Information Systems (ERCIS).
  • Handle: RePEc:zbw:ercisw:23
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    References listed on IDEAS

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    1. Grieger, Martin, 2003. "Electronic marketplaces: A literature review and a call for supply chain management research," European Journal of Operational Research, Elsevier, vol. 144(2), pages 280-294, January.
    2. Reimann, Martin & Schilke, Oliver & Thomas, Jacquelyn S., 2010. "Toward an understanding of industry commoditization: Its nature and role in evolving marketing competition," International Journal of Research in Marketing, Elsevier, vol. 27(2), pages 188-197.
    3. J. Yannis Bakos, 1997. "Reducing Buyer Search Costs: Implications for Electronic Marketplaces," Management Science, INFORMS, vol. 43(12), pages 1676-1692, December.
    4. Jai Ganesh & T.R. Madanmohan & P.D. Jose & Sudhi Seshadri, 2004. "Adaptive Strategies of Firms in High-Velocity Environments: The Case of B2B Electronic Marketplaces," Journal of Global Information Management (JGIM), IGI Global, vol. 12(1), pages 41-59, January.
    5. Jonathan Coppel, 2000. "E-Commerce: Impacts and Policy Challenges," OECD Economics Department Working Papers 252, OECD Publishing.
    6. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
    7. Stahl, Florian & Schomm, Fabian & Vomfell, Lara & Vossen, Gottfried, 2015. "Marketplaces for digital data: Quo vadis?," ERCIS Working Papers 24, University of Münster, European Research Center for Information Systems (ERCIS).
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    Cited by:

    1. Stahl, Florian & Schomm, Fabian & Vomfell, Lara & Vossen, Gottfried, 2015. "Marketplaces for digital data: Quo vadis?," ERCIS Working Papers 24, University of Münster, European Research Center for Information Systems (ERCIS).
    2. Lange, Juliane & Stahl, Florian & Vossen, Gottfried, 2016. "Datenmarktplätze in verschiedenen Forschungsdisziplinen: Eine Übersicht," Arbeitsberichte des Instituts für Wirtschaftsinformatik 138, University of Münster, Department of Information Systems.

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