Data-Trading Standard's Potential to Uncover the Value of Data Reserve

People say data is the new dominant raw material replacing oil, to emphasize its economic significance. Many companies have unused data, and collectively, there is a massive amount of unutilized or residual data, which could enable new business models. On the other hand, not all businesses have a complete set of data to implement their ultimate goals. Therefore, the data's values could increase if freely shared or traded, especially because the data can be used multiple times for various purposes, often without decreasing the data's value. However, data trading is not widely accessible at this point, and we are underutilizing the existing data reserve.