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However, as a data business gets larger, the gross margins can improve dramatically.
So building a data business based on typing intel is another potential revenue generator.
It's not abandoning those competitions, but it's trying to build a data business on top of them.
Using machine learning and comprehensive algorithms, HouseCanary has built up a data business that assesses and predicts the value of 100 million homes.
Benson's long-term goal is to figure out how the graph can be used by other companies, so that Ranker can build a data business to supplement the money that it's already making from advertising and affiliate links.
In fact, Alibaba "is not a retail business, we are a data business," he said, and everything it does now including financial services like Alipay and investing in logistics—is to gather yet more data.
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Blockspring started as a serverless data business, but it pivoted into a service that lets companies use API data.
Mr. Chin, 48, is a market data business analyst at Credit Suisse, the investment bank, in Manhattan.
In June, amid the Greek crisis, the cost to insure Greek sovereign debt more than doubled from a year ago while the cost to insure German sovereign debt was virtually the same, according to Markit, a financial data business in London.
DataSift, a big data business intelligence and analysis platform for Twitter, is finally opening its doors today to the U.S. public.
Open data doesn't mean useful data and that's the problem," says Atanas Youroukov, CEO and co-founder of UniGraph, an open data business founded in Bratislava.
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