DaDaDa: A Dataset for Data Pricing in Data Marketplaces
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Abstract (arXiv)
High-quality data drives machine learning advances across industries. Recognizing the value of data, data transactions are increasingly common, giving rise to many data marketplaces, e.g., AWS Marketplace, Databricks, and Datarade. However, determining the appropriate prices for data products remains a significant challenge due to the unique properties of data products. Traditional pricing methods in economics can be categorized into the cost approach, the income approach, and the sales comparison approach. The cost approach fails in data pricing due to near-zero marginal cost from data replication, and the income approach fails due to inherently unpredictable data revenue. The sales comparison approach remains viable, yet its application is hindered by the absence of standardized pricing benchmarks for data products across marketplaces. To address this challenge, we introduce textttDaDaDa, the first dataset for data product pricing, containing metadata for 16,147 data products from 9 major data marketplaces worldwide. textttDaDaDa enables the training of pricing models, thereby establishing price benchmarks for new data products. In addition, textttDaDaDa can be utilized for other important tasks in data markets, such as data product classification and retrieval. Experiments and a retrieval prototype demonstrate the effectiveness of textttDaDaDa for pricing, classification, and retrieval of data products. The dataset and code are available at https://github.com/ZJU-DIVER/DaDaDa.
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References · 11
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- 2018A Marketplace for Data: An Algorithmic Solutioncited by 76
- 2018Deep Learning using Rectified Linear Units (ReLU)cited by 48
- 2018Model-based Pricing for Machine Learning in a Data Marketplacecited by 37
- 2020Truthful Data Acquisition via Peer Predictioncited by 14
- 2019Revenue Maximization for Query Pricingcited by 11
- 2022A Survey of Data Marketplaces and Their Business Modelscited by 4
- 2021What Is the Price of Data? A Measurement Study of Commercial Data Marketplacescited by 1
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