Host and orchestrate your own data ecosystem with a tailor-made Data Exchange Platform that meets your business needs.
A data marketplace is a 2-sided data ecosystem that allows multiple data providers to commercialize data products to multiple acquirers, and generate direct revenue out of it.
A data shop is a particular data marketplace model, 1-sided, where only one organization, the data provider, commercializes data products to multiple data acquirers.
A data marketplace or data shop generates direct revenues short term. If the data you own, or that another data provider owns, can help solve operational or business pain points of other organizations, data products can represent a huge value to these organizations acquiring the data, i.e. target data acquirers.
With a data marketplace or a data shop, your organization can start right away to commercialize data products and improve its P&L with high margin revenues, while keeping strict control of visibility, access rights and conditions of use of the data products.
In growth phase, with the leadership and first-mover advantage your organization has taken, you are in the position to develop your new revenue streams and maximize the benefits by:
A data marketplace or data shop provides two types of revenue streams:
In a data marketplace or data shop, the orchestrator is the legal entity that manages the Data Exchange Platform, including participants’ recruitment, onboarding and vetting. It sets the business and governance model regulating the platform, enforces compliance, security and trust policies, manages operations and monitoring.
Data providers and data acquirers are the participants that exchange data products according to the data marketplace business model and to the pricing set by data providers.
The data acquirers can be any organization in your business ecosystem such as suppliers, customers, business partners, service providers, shareholders, public agencies or collectivities.
Data acquirers get access to unique or difficult to find data products that will help solve a specific business or operational pain point, such as:
Your organization’s needs and requirements may evolve over time, and you might want to mix a data marketplace with another data exchange model.
Discover other data exchange models powered by Dawex Data Exchange technology, and learn more on Industry data hub & corporate data hub.