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A taxonomy of data governance decision domains in data marketplaces

Author

Listed:
  • Rene Abraham

    (University of Liechtenstein)

  • Johannes Schneider

    (University of Liechtenstein)

  • Jan vom Brocke

    (University of Liechtenstein)

Abstract

Commercializing data and data-related services has gained in importance in recent years. Driven by digitalization and the Internet-of-Things (IoT), companies and individuals continuously generate vast amounts of data. Data marketplaces have emerged to support these data providers in selling their data to different data consumers. However, data marketplaces face challenges in different data governance decision domains that inhibit their adoption. To get a better understanding of how data marketplaces counteract these challenges, this paper develops a taxonomy of data governance decision domains in data marketplaces. We used a taxonomy development method to inspect 13 data marketplaces from eight countries. The resulting taxonomy shows an overview of mechanisms concerning data quality, data security, data architecture, metadata, data lifecycle, data storage, and data pricing. We discuss common instantiation patterns, highlight gaps, and propose possible solutions. The taxonomy sets a foundation for further research and theory-building on data marketplaces. Practitioners can use the taxonomy to develop customized data governance strategies for data marketplaces.

Suggested Citation

  • Rene Abraham & Johannes Schneider & Jan vom Brocke, 2023. "A taxonomy of data governance decision domains in data marketplaces," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-13, December.
    • Handle: RePEc:spr:elmark:v:33:y:2023:i:1:d:10.1007_s12525-023-00631-w
    DOI: 10.1007/s12525-023-00631-w
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    References listed on IDEAS

    as
    1. Abraham, Rene & Schneider, Johannes & vom Brocke, Jan, 2019. "Data governance: A conceptual framework, structured review, and research agenda," International Journal of Information Management, Elsevier, vol. 49(C), pages 424-438.
    2. Boris Otto & Matthias Jarke, 2019. "Designing a multi-sided data platform: findings from the International Data Spaces case," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(4), pages 561-580, December.
    3. Robert C Nickerson & Upkar Varshney & Jan Muntermann, 2013. "A method for taxonomy development and its application in information systems," European Journal of Information Systems, Taylor & Francis Journals, vol. 22(3), pages 336-359, May.
    4. Markus Spiekermann, 2019. "Data Marketplaces: Trends and Monetisation of Data Goods," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(4), pages 208-216, July.
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    Cited by:

    1. Mark Reuver & Hosea A. Ofe & Mila Gasco-Hernandez & Boriana Rukanova & J. Ramon Gil-Garcia, 2024. "Data economy in a globalized world, opportunities and challenges for public and private organizations," Electronic Markets, Springer;IIM University of St. Gallen, vol. 34(1), pages 1-5, December.

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    More about this item

    Keywords

    Data governance; Data marketplace; Decision domain; Taxonomy;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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