Data Markets to support AI for All: Pricing, Valuation and Governance

Ramesh Raskar, Praneeth Vepakomma, Tristan Swedish, Aalekh Sharan

Abstract: We discuss a data market technique based on intrinsic (relevance and uniqueness) as well as extrinsic value (influenced by supply and demand) of data. For intrinsic value, we explain how to perform valuation of data in absolute terms (i.e just by itself), or relatively (i.e in comparison to multiple datasets) or in conditional terms (i.e valuating new data given currently existing data).