Innovators marketplace on data Jackets, For valuating, Sharing, and synthesizing data

Abstract

In order to make a social environment where analysts and decision makers in businesses or science can be provided with data they need. The authors discuss why researchers should consider this data and how they can (re)design the social environment as the market of data, where each user or provider of data can externalize and share the value of each dataset so that one can buy/sell it in a reasonable condition for a reasonable price or as open source if it may give merits to wide range of people as well as particular segments of stakeholders. Presenting one way to go, that is called Innovators Marketplace on Data Jackets. The authors present a vision for the systematic design of the market of data where data, tools for data mining, and new technologies are configured. Here, relations among databases, datasets, tools are visualized to aid stakeholders’ communication about possible use scenarios of these elements. By this, this chapter is calling for potential contributors in the future to the project of designing the market of data.