Governance of Data Service Marketplace Under Service Ecosystem

Data service marketplaces are pivotal elements of an intelligent society as they bridge user requirements and the realization of value from data services. Ensuring the efficient circulation of data services and driving industrial chains to create value within data service marketplaces has become a core issue in developing intelligent societies, posing an urgent concern for researchers and governments. Within the context of service ecosystems, individual data services can no longer meet the requirements of users and organizations thus moving towards convergence, which brings new governance challenges both economically and technically. This paper comprehensively explores the governance of data service marketplaces by combining insights from service ecosystems and data service value. It begins by introducing data service marketplaces. Data servitization and standardized workflows are driving the massive expansion of data services marketplaces. Then it analyzes the complexity of marketplaces under service ecosystems. Furthermore, the governance issues and research themes of data service marketplaces were elaborated at macro, medium, and micro scales. This paper provides new ideas for the value creation and development of data service marketplaces.

I. Introduction

Data comes from all aspects and feeds back into production and life through bolstering artificial intelligence [1]. The business value of data is evident. The data economy lets more people realize the immense value that data brings. For data trading purposes, data providers package business, medical, government, and social media data into data products, which can take various forms such as images, text, and video. However, a huge gap exists between data products and daily applications. To address this, resources and businesses related to data products should be combined to fulfill complex functions.