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In financial services' market data world, data is bought, sold, licensed and developed like any other IP right under a wrapper of increasingly sophisticated contracts.
"This will be a revolutionary paradigm shift away from the current model, in which consumers' data is bought and sold, frequently without their knowledge or consent".
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Old big data is buying new big data today, as data warehousing powerhouse Teradata just announced it will be acquiring Aster Data Systems for $263 million.
We hear a lot about our online data being bought and sold by advertisers, but Narrative founder and CEO Nick Jordan said the actual process remains "incredibly cumbersome".
"It's the same issue as the mass collection of data — demographic information is bought and sold on a daily basis," he told VICE News.
In America, detailed prescribing data can be bought from specialist research firms, which some drug firms are now beefing up with detailed information about why doctors prescribe as they do.
Fred Kuchler and other economists at the U.S. Department of Agriculture examined how various snack tax proposals would affect consumption of potato chips, which consumer data shows are bought by over 90% of American households.
Data could be bought at any stage, allowing participants to implement an iterative loop of experiments and computation.
Another problem is letting Amazon scoop up even more data about who is buying what.
Rodenbeck helms one of the leading studios in the field of data visualization and is buying up buildings to permanently set aside for arts groups like Counterpulse through a project called CAST, or the Community Arts Stabilization Trust.
The map, traffic and location data provider says it is buying the firm primarily to help it move from 2D to 3D maps.
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