A data economy is a global digital ecosystem in which data is gathered, organized, and exchanged by a network of vendors for the purpose of deriving value from the accumulated information. Data inputs are collected by a variety of actors including search engines, social media websites, online vendors, brick and mortar vendors, payment gateways, software as a service (SaaS) purveyors, and an increasing number of firms deploying connected devices on the Internet of Things (IoT). The gathered data is then passed to individuals or firms which typically take a fee. In the United States, the Consumer Financial Protection Bureau and other agencies have developed early models to regulate data economy.
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| - A data economy is a global digital ecosystem in which data is gathered, organized, and exchanged by a network of vendors for the purpose of deriving value from the accumulated information. Data inputs are collected by a variety of actors including search engines, social media websites, online vendors, brick and mortar vendors, payment gateways, software as a service (SaaS) purveyors, and an increasing number of firms deploying connected devices on the Internet of Things (IoT). The gathered data is then passed to individuals or firms which typically take a fee. In the United States, the Consumer Financial Protection Bureau and other agencies have developed early models to regulate data economy. (en)
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| - A data economy is a global digital ecosystem in which data is gathered, organized, and exchanged by a network of vendors for the purpose of deriving value from the accumulated information. Data inputs are collected by a variety of actors including search engines, social media websites, online vendors, brick and mortar vendors, payment gateways, software as a service (SaaS) purveyors, and an increasing number of firms deploying connected devices on the Internet of Things (IoT). The gathered data is then passed to individuals or firms which typically take a fee. In the United States, the Consumer Financial Protection Bureau and other agencies have developed early models to regulate data economy. Data collected and managed in the data economy must be stored on dedicated servers. These servers can be located on-premises for access from a single physical location, or off-premises. The data will reside in data centers and will remain available for access and exchange via internet-based applications, referred to collectively as the cloud. Storing and securing collected data represent a significant portion of the data economy. (en)
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