Data market described as immature and evolving

The author argues that today’s data market is immature, lacking standardized units and pricing, but will evolve into a permanent macroeconomically important market. Over time, the market is expected to bifurcate into high-volume, low-value synthetic data and low-volume, high-value out-of-distribution real-world data. Consequently, companies will increasingly treat data as a core capital asset and function as task factories. Open article →