International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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The Rise of Data Marketplaces: A Unified Platform for Scalable Data Exchange and Monetization

Author(s) Mr. Shamnad Mohamed Shaffi
Country United States
Abstract In today’s data-driven economy, organizations increasingly seek efficient, scalable, and secure ways to share and monetize their data assets. Data marketplaces have emerged as transformative platforms that connect data providers with consumers in a centralized, governed environment [1]. These marketplaces streamline data discovery, enhance data quality assurance, and support monetization through flexible pricing models like subscriptions and pay-per-use. By implementing robust governance, metadata management, and compliance with regulations such as GDPR and CCPA, data marketplaces ensure privacy and trust. The integration of Data-as-a-Service (DaaS), artificial intelligence, and blockchain further enhances capabilities by enabling real-time insights, automation, and secure transactions. Industry use cases across healthcare, finance, retail, and manufacturing demonstrate the marketplace's potential to democratize data access and foster innovation. This paper explores the key components, challenges, and future trends of data marketplaces, positioning them as vital infrastructure for the modern digital economy
Keywords Data Marketplace, Data-as-a-Service (DaaS), Data Monetization, Data Governance, AI in Data Exchange, Data Compliance, Digital Economy, Data Sharing, Data Security, Metadata Management
Field Computer > Data / Information
Published In Volume 5, Issue 3, May-June 2023
Published On 2023-05-12
DOI https://doi.org/10.36948/ijfmr.2023.v05i03.45764
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E-ISSN 2582-2160
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