The Role of a Data Marketplace for Innovation and Value-Added Services in Smart and Sustainable Cities

In this era of digitization, data is seen as the new oil due to the abundance of data generated from Internet of Things (IoT), social media and other platforms. Although prior studies have explored the challenges and opportunities that may arise in using these data to provide value added services, few studies explore how data from public, private and commercial data owners in smart cities and communities could enhance data reuse, sharing and collaboration among the different stakeholders. This study employs the system design approach to develop a data marketplace prototype, which provides data to create value-added services that could improve the lives of citizens. The prototype is developed for easy sharing, trading and utilization of available data for innovative services through collaboration. Qualitative data was collected using semi-structured interviews from experts in academia and industry to validate the concept of a data marketplace. Findings from this study reveal that the data marketplace prototype is useful, easy to use and supports data trading in smart cities.

DOI: https://doi.org/10.1007/978-3-031-06668-9_16