Data Marketplace

A Data Marketplace is a data ecosystem that allows data providers to commercialize data products to data acquirers industrialize data distribution, and generate direct revenue.

Data Marketplaces can be either one-sided, i.e.many-to-one or one-to-many, or two-sided, i.e. many-to-many. 

 

 

A Data Marketplace generates direct revenue in the short term for data providers, and allows data acquirers to source high value data for their business use cases or train AI models. 

With the Data Marketplace solution powered by Dawex, an organization can operate three types of data marketplaces, either stand alone or as a combination:

 

Distribution Data Marketplace - One-sided
The organization industrializes the distribution of value-added data products to multiple data acquirer organizations that have use cases requiring these data. The data may concern operations, market, customer and product lifecycles, business and regulatory reporting. A distribution of data through a one-sided Data Marketplace brings the following benefits:

• Industrialize and standardize existing, often tedious, data exchange processes
• Establish fine-grained pricing tailored to the nature of the data products and the specific needs of targeted acquirers
• Generate new revenue streams
• Protect your IP through data contract and licenses
• Define a governance, monitor and control the data exchanged with external organizations
• Ensure confidentiality, security and traceability of data distribution
  
  

Sourcing Data Marketplace - One-sided
The organization industrializes the acquisition of data products from suppliers, partners or customers, bringing the following benefits:

• Industrialize and standardize existing data sourcing process
• Guarantee IP protection to data providers through data contracts and licenses
• Reduce costs by avoiding redundancy in the data sourcing processes
• Ensure the acquired data is shared with the relevant organizations or entities, and is easily accessible
• Preserve confidentiality, security and traceability of data sourcing

Two-sided Data Marketplace 
The organization orchestrating the Data Marketplace acts as a neutral data intermediary leveraging powerful features, such as: 

• Onboarding Data Marketplace participants, either data providers or acquirers, leveraging marketing tools
• Monitoring technical performance and participant activity
• Managing pricing and payment for data transactions, compliant with regulations
• Generating revenue by setting commission fees on data transactions performed on the Data Marketplace
• Ensuring confidentiality, security and traceability of data exchanges
• Ensuring compliance with the Data Governance Act/DISP label (Data Intermediation Service Provider)