Data Economy in the Digital Age (Data-Intensive Research)

✍ Scribed by Samiksha Shukla, Kritica Bisht, Kapil Tiwari, Shahid Bashir

• Publisher: Springer
• Year: 2023
• Tongue: English
• Leaves: 139
• Category: Library

✦ Synopsis

The book is a comprehensive guide that explores the concept of data economy and its implications in today's world. The book discusses the principles and components of the ecosystem, the challenges and opportunities presented by data monetization, and the potential risks related to data privacy. Real-life examples and case studies are included to understand the concepts better. The book is suitable for individuals in data science, economics, business, and technology and for students, academics, and policymakers. It is an excellent read for anyone interested in the data economy.

✦ Table of Contents

Foreword by Prof. Santosh Kumar
Foreword by Dr. Fr. Joseph C C
Preface
Acknowledgments
About This Book
Road Map
Contents
About the Authors
1 Data Economy
1.1 Data Economy: An Introduction
1.1.1 Data Economy: Domain Definition
1.1.2 Stakeholders in the Data Economy
1.1.3 Data Economy—The Present Stage
1.1.4 Data Economy—The Challenges
1.2 Types of Data Economy
1.3 Components of Data Economy
1.4 Evolution of Data Economy
1.4.1 Evolution of Data Economy with the Explosion of Data
1.4.2 Evolution of the Data Economy from the Traditional Economy
1.5 Principles for Data Economy
1.6 Importance of Data Economy
1.7 Business Leaders in Data Economy
References
2 Navigating the Data Deluge: Challenges and Opportunities
2.1 Data Volume
2.2 Data in the Twenty-First (21st) Century
2.3 Challenges with Data
2.3.1 Data Complexity
2.3.2 Computational Complexity
2.3.3 System Complexity
2.4 Need for a Data Economy at the Global Level
2.4.1 Globalization and Data
2.5 The Economics of Data
2.5.1 Supply: The Decision to Produce Data
2.5.2 Demand: The Economic Value of Data
2.5.3 The Price of Data
2.6 Building a Better Data Economy
2.7 Policy Strategies for the Data Value Chain
References
3 Data Monetization
3.1 Introduction
3.2 Need for Data Monetization
3.3 The Data Revolution: A Global Perspective
3.4 Data Dominance Unveiled: Google and Facebook’s Oligopoly in the Data Economy
3.5 Sectors of Data Monetization
3.5.1 Data Storage
3.5.2 Data Management
3.5.3 Data Sharing
3.5.4 Revenue Generation from Data Analytics and Recommendations
3.5.5 Advertising and Marketing for Data Monetization
3.5.6 E-commerce for Data Monetization
3.5.7 Financial Data for Data Monetization
3.5.8 Monetization of Healthcare Data
3.5.9 Monetization of Education Data
3.6 Data Economy Leading to Mergers and Acquisitions
3.7 Exploring Data Monetization: Individual and Organizational Perspectives
3.8 Data Monetization Tools
References
4 Comparative Study of the Global Data Economy
4.1 Digital Economy
4.1.1 Defining the Digital Economy
4.1.2 Evolution of Digital Economy
4.2 Distinguishing Data Economy from Digital Economy
4.2.1 Definitions
4.2.2 Fundamental Characteristics of the Digital Economy
4.2.3 Data Economy a Difference
4.3 The Data Economy in Developed Countries
4.3.1 Impacts of the Digital and Data Economy in Developed Nations
4.4 Data Economy in Developing Countries
4.4.1 The Data Economy’s Role in Development
4.5 Data Economy in Third World
4.5.1 Role of the Data Economy in the Third World: Pioneering Innovation Amid Challenges
4.6 Data Economy’s Current State Comparison Across World
References
5 The Economy of Data Privacy
5.1 Economy of Data Privacy
5.2 Value of Personal Data
5.2.1 Value of Personal Data for Companies
5.2.2 Value of Personal Data for Individuals
5.3 Data Handling Costs
5.4 Data Privacy
5.4.1 Data Privacy Regulation
5.4.2 Data Privacy Professionals
5.4.3 Data Privacy Tools
5.4.4 Data Privacy Training
5.5 Data Protection and Privacy Policy
5.6 Balancing Privacy and Economic Benefits
5.7 Importance, Relevance, and Future Directions of Economy of Data Privacy
References
6 Application of Data Economy
6.1 Data Economy in Healthcare
6.2 Data Economy in Finance
6.3 Data Economy in Education
6.4 Data Economy in Policy Development
6.5 Data Economy in Tourism
6.6 Future Research Direction
References