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Discovering Business Models of Data Marketplaces

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Title:Discovering Business Models of Data Marketplaces
Authors:Fruhwirth, Michael
Rachinger, Michael
Prlja, Emina
Keywords:Managing the Dynamics of Platforms and Ecosystems
business model
data-driven service
data marketplace
taxonomy development.
Date Issued:07 Jan 2020
Abstract:The modern economy relies heavily on data as a resource for advancement and growth. Data marketplaces have gained an increasing amount of attention since they provide possibilities to exchange, trade and access data across organizations. Due to the rapid development of the field, the research on business models of data marketplaces is fragmented. We aimed to address this issue in this article by identifying the dimensions and characteristics of data marketplaces from a business model perspective. Following a rigorous process for taxonomy building, we propose a business model taxonomy for data marketplaces. Using evidence collected from a final sample of twenty data marketplaces, we analyze the frequency of specific characteristics of data marketplaces. In addition, we identify four data marketplace business model archetypes. The findings reveal the impact of the structure of data marketplaces as well as the relevance of anonymity and encryption for identified data marketplace archetypes.
Pages/Duration:10 pages
Rights:Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections: Managing the Dynamics of Platforms and Ecosystems

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