2000 character limit reached
Data Markets to support AI for All: Pricing, Valuation and Governance (1905.06462v1)
Published 14 May 2019 in cs.CY, cs.AI, cs.DC, and cs.LG
Abstract: We discuss a data market technique based on intrinsic (relevance and uniqueness) as well as extrinsic value (influenced by supply and demand) of data. For intrinsic value, we explain how to perform valuation of data in absolute terms (i.e just by itself), or relatively (i.e in comparison to multiple datasets) or in conditional terms (i.e valuating new data given currently existing data).