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| The Value Ecosystem Construction and Market Allocation Mechanism of Data Elements |
| Yin Ximing1,2,Lin Zhenyang3,4,Chen Jin2,5,Zhao Rong4,6 |
| (1.School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;2.Research Center of Technological Innovation, Tsinghua University, Beijing 100084,China;3.Department of Computer Science and Technology, Tsinghua University, Beijing 100084, China;4.Jiangnan Big Data Research Institute, Wuxi 214000, China;5.School of Economics and Management, Tsinghua University, Beijing 100084, China;6.School of Economics, Peking University, Beijing 100043, China) |
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Abstract As the micro-foundation and innovation engine of the digital economy, data elements are the general trend to promote the market-based circulation and value realization of data elements. It is of great significance for promoting the new dual-circulation development pattern and accelerating high-quality development in the new development stage. However, how to apply the holistic view and the innovation system theory to build a data element value ecosystem has become an important yet underexplored issue to promote the market-based allocation of data elements and release the value of data elements.#br#With the goal of dealing with the theoretical and practical challenges faced by the value relalization of data elements, this paper expands the research scope of data element′s participating in the practice of digital ecosystems. Firstly, this paper deeply analyzes the composition and operation mechanism of the ecosystem based on data value. It is believed that the core subjects of the ecological system include four parts : the source of data, the data operator, the data user and the data regulator. Combined with the real needs of the practice scenarios, multipul parties would carry out efficient data governance and reliable value added practice to form data products with high value density, and finally realize and release data value. In this process, the separation of the rights of data ownership, operation, and usage, as well as the transfer of limited rights are basic principles to maintain the efficient and stable operation of the data element value ecosystem. Secondly, this paper proposes that the data element marketization system architecture should be composed of the data source, the data element market players, and the public supervision. Among them, the market classification of the data element market entities includes the basic layer, the value-added layer, and the circulation layer. The entire circulation link can be refined into data collection, data storage, data governance, data transactions, and data applications. At present, China′s national data element market is still in the early development stage. In addition to leveraging the decisive role of the market, the government's regulatory role also should be integrated into the entire process of market-based allocation of data elements. This is to achieve both high-quality development of the digital economy and sustainability. This is the key mechanism to deal with the dual paradox of national data security and development, and is also a feasible path to further realize the capitalization of data elements and the effective circulation of data, thereby forming the industrial chain and value chain of data element assets. The resulting basic structure of the market-oriented operation and value realization mechanism provides a novel reference for the in-depth participation and efficient interaction of multiple subjects in the data element ecosystem, and the collaborative realization of the dynamic data element enabling effect.#br#In summary, this research enriches and deepens the theoretical research on the value-based and market-oriented allocation of data elements. It provides novel insights into the collaborative creation mechanism of multiple subjects in the process of value-oriented allocation of data elements. By optimizing the process mechanism of market-oriented allocation of data elements and the governance of data elements, it is feasible to further create a new digital-driven regional innovation ecosystem, and accelerate the construction of digital China so as to build a world-leading data element ecosystem with Chinese characteristics by strengthening top-level design, cultivating a multi-level, cross-regional, multi-agent efficient and co-created dynamism.#br#
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Received: 05 January 2022
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