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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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    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. 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.
    2. 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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