Data Product-Oriented Services for Data Ecosystem

Wei Emma Zhang, Perry Chen, Jian Yang, Jianwen Su, Quan Z. Sheng

Abstract: Smooth Inter-organization or cross-domain data flows are increasingly demanded when more organizations are becoming data-driven, which will eventually lead to the rise of a new form of the world economy, that is, data economy (DE). Through exploring relevant concepts, technologies, issues and challenges facing DE, this paper discusses the operational concepts of DE ecosystem and its key elements, particularly data products and data marketplaces, and the trends of their developments. It then presents directions for research and development of DE ecosystem and its key elements, in order to help organizations and industry to prepare for the arrival of DE and identify areas for innovations and disruptive technologies. The paper also discusses the requirements of the data product design in the enterprise data ecosystem (EDE) for the rising data economy and the gaps that exist in the current data engineering and technologies, particularly examining the role of service technology in the development and practice of data economy ecosystems.