Data Marketplace: What It Is, Key Benefits & the Top 6 Exchanges to Know About in 2024

A data marketplace is a digital platform that facilitates the buying, selling, and accessing of vast amounts of data from various sources. These marketplaces serve as intermediaries between data providers and consumers, ensuring secure transactions, data quality, and compliance with regulations. Data marketplaces offer numerous benefits, including enhanced decision-making, operational efficiency and cost savings, innovation and product development, data monetization opportunities, and facilitating trust in data. Top data marketplaces to consider include AWS Data Exchange, Datarade Marketplace, Google Cloud Analytics Hub, Oracle Data Marketplace, Snowflake Marketplace, and Databricks Marketplace.