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Economy 2.0: Data Markets and Data Pricing

Data Dialogues Session 3

Economy 2.0: Data Markets and Data Pricing

ABSTRACT:
Due to world-wide digitalization, data has become a commodity similar to electricity and water. Platforms often exploit this by bringing (the data of) providers and consumers together and completely abandon any physical inventory traditionally required for their service. A natural consequence is to start dealing with and trading data, which we often experience when something is “free” in exchange for some personal data. This happens on data marketplaces at a larger scale, and the question arises of which price tag should be attached to data. In this talk, some findings from our study on data marketplaces will be discussed, as will be approaches to calculate data prices. Finally, the question is touched whether “price” as a single piece of information on the value or quality of an object or a service is outdated and should entirely be replaced by relevant data.

31st March 2023

@ 4:00 pm-5:00 pm (IST), 11:30 am-12:30 pm (local time Germany)

Meeting link: https://tinyurl.com/4nf938yx

Speaker

Prof. Dr. Gottfried Vossen

Dean, School of Business and Economics, University of Münster, Germany

Gottfried Vossen is a Professor of Computer Science in the Department of Information Systems at the University of Muenster in Germany and Dean of the School of Business and Economics. He is a Fellow of the German Computer Science Society and an Editor-in-Chief of Elsevier's Information Systems - An International Journal. He received his master’s and Ph.D. degrees as well as the German Habilitation, all in Computer Science, from RWTH Aachen University in Germany, His research interests include conceptual as well as application-oriented challenges concerning databases, information systems, business process modelling, and big data.