The Data Industry: The Business and Economics of Information and Big Data

Author: Chunlei Tang (Author)

Edition: 1st

Language: English

Publisher: Wiley

Publication Date: May 3, 2016

Description: This book provides an introduction to the data industry from an economic perspective. It bridges the gap between economics and data science, offering insights for both data scientists and economists. The book begins by explaining data resources and introducing the concept of a data asset. It defines a data industry chain, enumerates various business models and operating models used by data enterprises, and proposes modes of industrial development specific to this sector.

The author describes five types of enterprise agglomerations and explores multiple industrial cluster effects. The book also delves into the establishment and development of laws and regulations related to the data industry. Additionally, it discusses scenarios for converting data-driven forces into productivity that can serve society.

This book is designed as a reference and training guide for data scientists, data-oriented managers and executives, entrepreneurs, scholars, and government employees. It defines and develops the concept of a “Data Industry,” explaining the economics of data to professionals in these fields. The text includes numerous case studies and examples from various industries and disciplines.

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