Tuesday, September 14, 2021

What is a data marketplace?

A data marketplace (or data mart) is an online portal or website where data can be easily found and shared.

Although the name indicates that data is only bought and sold via a Data Marketplace, other data can also be made available such as Open Data (free to use, re-use or redistribute) or Shared Data (limited by license or end-usage).

Data marketplaces typically offer various types of data for different markets and from different sources. Making them a focal point for providing and accessing information about specific sectors or industries.

There can be a wide range of data formats and technologies provided via Data Marketplaces. However the widespread adoption of APIs for integration has meant that these are often the chosen modern way of publishing data sources now.

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