Data on sharing economy. 01% during the forecast period, reaching USD 793680.
Data on sharing economy 2018, Babar and Burtch 2020). Sharing Economy More consumers are using peer-to-peer (P2P) services, like Lyft and DoorDash, than ever before. Accordingly, building a ‘single market for data’ by increasing the innovation and growth in the data economy. , 2016). , 2021). Whether willfully giving out information to create an account — or having your data sold, packaged and resold, a lot of free services Sharing Economy and Big Data Analytics Book Abstract: The different facets of the sharing economy offer numerous opportunities for businesses ? particularly those that can be distinguished by their creative ideas and their ability to easily connect buyers and senders of goods and services via digital platforms. A key aspect of the 1. Aurora, the self-driving car startup backed by Uber investment, has a valuation of over $10 billion following Uber's partial stake in the company. The first is a copycat (private and principles of B2G data sharing to how they address legal, technical and organisational challenges and other matters that may be yet unaddressed. 7% from 2023 to 2032. Harrington (Harrington, 2002) proposes research on technology-based sharing platforms that eliminate notions of “property” and “ownership”, and Large scale data sharing is important, especially now, with more open societies of components such as Smart Cities and the Smart Homes creating data sharing ecosystems. Received: 20 April 2023 / Accepted: 5 November 2023 This chapter aims to examine activities such as Open Education, Open Design, knowledge and data sharing from the perspective of the sharing economy. D2,D4,D42,D43,L11,L12 ABSTRACT We study an economy in which consumers and merchants (sellers) interact on a two-sided platform. But keep in mind: this is not the total size of the Beatriz Botero Arcila, Sharing Data in the Sharing Economy: Policy Recommendations for Local Governments, 9 Ind. Request PDF | Towards a Distributed Data-Sharing Economy | We propose that access to data and knowledge be controlled through fine-grained, user-specified explicitly represented policies. R. Harnessing Big Data for the Sharing Economy in Smart Cities. Using cross Source: International Review of Intellectual Property and Competition Law, Volume 50, p. Consequently, the value-in-use of services is expectedly strengthened within the unit time, although the total amount of social resources The sharing economy (SE) is based on the concept of shareable goods and services, of which most often referred to examples are homes and cars. Gartner predicts that by 2023, organizations that promote data sharing will outperform their peers on most business value metrics. This is not a simple substitute but is playing an active role. Here is a summary list that will clarify the confusion and provide guidance to companies, policymakers, individuals and investors alike: Sharing economy: focus on the Sharing economy fosters new business models that enable innovative ways for the use of resources (Curtis & Mont, 2020; Laukkanen & Tura, 2020; Sutherland & Jarrahi, 2018) These challengers must develop a smarter approach to external engagement. The need for improved segmentation, targeting, personalization fuel the practice of data sharing among companies. dollars by 2031, up from 150 billion U. Sharing economy is expected to yield In order to evaluate sharing economy friendliness, we examined 50 of the world’s most dynamic cities to see which ones lead the way in the sharing economy. Data collection and privacy of people who use sharing economy apps or platforms. 2, the sharing economy field has gained more consideration during recent years and the number of published papers in this particular research area has increased. and we are determined to help make it a reality. 2023 Internet economy has broad application prospects in different fields such as remote sensing data, ecological environment, social media, sharing economy and higher education: Halim Dareen and big data, digital economy, emerging market, sharing economy The sharing economy is changing consumer and firm behavior around the world. According to PwC's projections, five key sharing sectors (travel, car sharing, finance, staffing, and music and video streaming) have the potential to increase global revenue In this report, the authors examine the current state of the sharing economy, investigate the underlying economic, technological, social, and political factors that lead to the rise of the as the sharing economy can play a role in decoupling economic growth from resource use and in promoting material efficiency. Originally, most sharing economy initiatives revolved around the use of under-utilized goods that regular people could lend, rent, sell or exchange with other people. The sharing economy has recently emerged as a strong economic and cultural force. " International Review of Intellectual Property and Competition Law 50 (2019): 4-29. Identifying suitable data sources. Acquiring sensor data through IoT faces challenges such as connectivity and proper measurement requiring domain-specific knowledge, that results in data quality problems. These platforms are validated to ensure that the services provided are legitimate, and that their customers, gig workers and freelancers who are subscribing to and working on them are protected. The sharing economy is defined as “a peer-to-peer based sharing of access to goods and services, which are facilitated by a community-based online platform” (Mi & Coffman, 2019). We highlight two reasons why more precise information increases the market power of the platform. We sometimes The digital sharing economy is a class of resource allocation systems based on sharing practices which are coordinated by digital online platforms and performed by individuals and possibly (non-) commercial organizations with the aim to provide access to material or immaterial resources. But while the “sharing” aspect is emphasized, data and A sharing economy can be described as an economic model in which goods and resources are shared by individuals and groups in a collaborative way such that physical assets become Spurred by the growth of its leaders Uber and Airbnb, the sharing economy is expected to grow from $14 billion in 2014 to a forecasted $335 billion by 2025, according to " The Current and An essential extrinsic motivator for participating in CC is the economic benefit it offers. scene in 2008. The concepts of “Big Data” and the “Sharing Economy” dynamically stimulate the chances of creating a series of innovative, hybrid business The sharing economy means we put less pressure on these resources and allows us to better protect our environment. 76 bn during 2023-2028, accelerating at a CAGR of 28. Simson Garfinkel, DHS . 0 million by 2028. At its core, the sharing economy is a knowledge Bibliographic details on Data-Sharing Economy: Value-Addition from Data meets Privacy. 8(11), 87–96 (2021). The sharing economy is the socio-economic model of consumption constructed around the peer-to-peer sharing of goods and services. 2017, Burtch et al. The Oxford Dictionary defines the sharing economy as “an economic system in which assets or services Using this link between the worlds of the sharing economy and smart transport, an adapted taxonomy of Schor and Fitzmaurice's (Citation 2015) sharing economy typology is presented in Figure 4 that uses existing shared mobility services to identify its most basic characteristics, which are their transaction type (whether they are peer-2-peer, business-2 the data sharing powers under Part 5 of the Digital Economy Act 2017 (DEA). • 11 min read. 5% of persons (or 2. The aim is to improve public services through the better use of data, while ensuring privacy, clarity and consistency in how the public sector shares data. , 2014), considering that most actors sharing data do not get value in return. In particular, the literature is silent about how to increase data 1 The Sharing Economy Framework INTRODUCTION . Discover the world's research 25+ million members Data marketplaces are expected to play a crucial role in tomorrow’s data economy, but such marketplaces are seldom commercially viable. This leads to an externality not internalized by consumers thus leading to more data sharing than is efficient. 50, No. Data sharing is one solution to this. The collaborative economy, sometimes called the sharing economy, covers a great variety of sectors and is rapidly emerging across Europe. 1 Introduction; 2 Background: The “Free Flow of Data” Paradigm; 3 Delineating the Data Sharing Economy; 4 Data Sharing Platforms: Models and Developments; 5 Data Sharing and FRAND; 6 Towards a (Self-)Regulation of Data Sharing; 7 Conclusion; References The first stream of research is that on the open sharing of government data. Generation Share is a journey to meet the inspiring change-makers As already recognized by Hulland and Houston, “scholars’ empirical efforts are bounded by the availability of data so certain industries and contexts are overrepresented in the body of work” (2020: 352). These drastic changes have sparked a host of debates on the need to regulate the sharing economy. 50, pp. This paper aims to examine the types of user misbehaviours in the sharing economy (SE) context. Big data governance and algorithmic management in the sharing economy has attracted attention from academics and practitioners as the sharing economy platform is increasingly expressed algorithmically, such as the recruitment and retention of the sharing service providers in the form of its rating system (Isaac, 2014), pricing method (Gupta et al. There may be opportunities for the government to enhance data collection on sharing economy activity, such as home-sharing, to support policy This article focuses on data sharing platforms, which are emerging as new intermediaries and can play a vital role in the data economy, as they may increase willingness to share data. The non-rivalrous nature of data, combined with technological innovations such as the availability of big data analysis and artificial intelligence applications, enable maximising ECONOMY DATA AS THE NEW CAPITAL FOR THE DIGITAL ECONOMY IMDA’s Approach to Growing SG’s Data Ecosystem & Global Data Flows • Facilitating responsible cross • Data sharing mechanisms –e. Huang Xianhai et al. It is “a rising pattern in consumption behavior” undergoing “immense growth” (Fagerstrøm, Pawar, Sigurdsson, Foxall, & Yani-de-Soriano, 2017). At the beginning of the growth of this economy, the advanced digital technologies generated billions of bytes of Stakeholder attitudes towards the Digital Economy Act and the PSD powers 9 3. This research phenomenon has drawn scholars from a large number There are countless facets of the economy and society that could be improved with better data. First, data markets are too opaque This article focuses on data sharing platforms, which are emerging as new intermediaries and can play a vital role in the data economy, as they may increase willingness to share data. But to do so without compromising other objectives—privacy, equity, and stability—we argue that governments must modernize current policies to tackle three growing challenges. Yet, at the same time, Gartner predicts that through It is precisely that diversity that makes up what we call a ‘Sharing Economy’, a whole system based around the sharing of human and physical resources. The sharing economy, often referred to as the economy of collaboration or peer economy, is a type of capitalism, in which people The government has devised a framework for sharing personal data, for defined purposes across specific parts of the public sector, under the Digital Economy Act 2017 (DEA). The sharing (collaborative, gig, or on-demand) economy—“peer-to-peer-based activity of obtaining, giving, or sharing the access to goods and services, coordinated through community-based online services” (Hamari, Sjöklint, & Ukkonen, 2016)—is estimated to add €160 to €572 billion to the global economy and is growing rapidly (Botsman & Rogers, 2010; This work proposes a practicable approach of generating representational data for sharing that achieves value-addition for the recipient's tasks while preserving privacy of users. g. 2 billion in Canada, while based on data from Statistics Canada, 2. This has changed the way that economic Both private and public data may be used for data-sharing purposes. dollars in 2023. 1 billion in 2022, and is projected to reach $827. Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. e. As the demand Fine-grained policies allow stakeholders to have a more precise level of control over who, when, and how their data is accessed. Its worth has been projected to be USD 335 billion by the year 2025 []. It is characterized by its heavy reliance on digital technology, peer-to-peer sharing of idle resources, and the economic logic of access instead of ownership []. The sharing economy model brought about by technological revolutions in Internet technology, industry, and communications is gradually eroding the traditional business chain. The concept of sharing has been incorporated into a range of commercial activities related to daily life, such Author: Richter, Heiko et al. EUROSTAT data on short-stays via Data sharing boosts business outcomes. , a digital device) or related service available to the user of this product or service; The sharing economy is “the peer-to-peer based activity of obtaining, giving, or sharing access to good and services”. Uber, for instance, obliged its drivers to take selfies to prove Research Note:We strive to improve the quality of the underlying data of this index year by year and aim to refine its methodology moving forward. Introduction. ,The study drew on online archival data from the AirbnbHell. R. The sharing economy demonstrated an outstanding adaptability to the challenges posed by the pandemic. 1 Attitudes towards data sharing 9 data sharing gateway with the aim to standardise and simplify the process and were generally quite satisfied with the current objectives. Elena Ghanaim, NIH . Towards a Data Economy: An Enabling Framework Download PDF. Adopting the sharing economy can bring new opportunities to your business, encouraging innovation, efficiency, and better engagement with customers. Introduction to B2G data sharing. Shou, Zhenyu. Its expansion has been contentious and its meanings polysemic. Michael Hawes, Census Bureau The traditional sharing economy and new business model analysis methods have been unable to keep up with the pace of the times and cannot handle a large amount of data in the sharing economy. EPRS The sharing economy and tourism There is a clear need for sharing economy platforms to change and diversify their revenue, towards more lucrative industries of the future—artificial intelligence and data. In the context of the COVID-19 pandemic, leveraging data has been centre-stage in establishing effective frontline responses to the crisis. In the sharing economy context, the amount of data relates to the number of pieces of information that pass through the intermediating platform. J. The sharing economy is a marketplace that brings together entities to share or exchange otherwise underutilized assets using digital platforms (Koopman et al. The sharing economy had just $15 billion in revenues back in 2013. In this study, energy sharing economy with The study found that the digital economy between regions in China has a positive spatial autocorrelation on the urban-rural income gap; the impact of the development of the Access to mobile phone data has been reused to foster collaboration and innovation, like harmonising access to public transport and ride-sharing initiatives to limit travel Internet of Things (IoT) provides data processing and machine learning techniques with access to physical world data through sensors, namely telemetry data. An increasing number of topics focus on bike-sharing system optimization and The role of big data analytics capabilities (BDAC) in understanding the challenges of service information and operations management in the sharing economy: Evidence of peer effects in libraries International Journal of Information Management , 51 ( 2020 ) , Article 102023 Lindsey Barrett, NTIA . , available vehicles) in the ride-hailing market and severe traffic congestion faced by modern cities, this dissertation aims to improve the efficiency of the sharing economy by building an agent Data sharing boosts business outcomes. The sharing economy has changed the way we think about services, assets, and ownership. JIDEP – a joint project by manufacturers, technology companies, and leading research organisations – proposes an ambitious but technically astute way to encourage companies to share valuable At the same time, the sharing economy is a contested concept (Cohen, 2016; Schor, 2014; Sundararajan, 2016). Preventing abuse of data privacy. Karyn Gorman, DOT . Data shows that private vehicles go unused for 95 per cent of their There is a clear need for sharing economy platforms to change and diversify their revenue, towards more lucrative industries of the future—artificial intelligence and data. This chapter explains how sharing economy businesses use Big Data to generate value. 96% during the forecast period. 01% during the forecast period, reaching USD 793680. Sources: Data compiled from the sharing economy development report in China, 2016-2020 published by the State Information Center. This study relies on the Timbro sharing economy index and uses both carbon emission and environmental performance index as proxies for the greenhouse gas effect and overall environment, respectively. At the beginning of the growth of In sharing economy, people offer idle social resources to others in a sharing manner. Sharing-economy players can help clarify the risks and, in collaboration with regulators, ensure that customers know their rights. [10] used propensity score matching and 1. However, the literature is unclear on how to increase the number of actors to capture the data-driven value (Magalhaes and Roseira, 2020; Zuiderwijk et al. This phenomenon has shaped a new economic model which emphasises sharing over property ownership. We present two challenges to the proposed view of marketing in the sharing economy. national surveys) Public The government will retain data sharing powers introduced in the Digital Economy Act (2017) after a statutory review published today finds they have saved taxpayers at least £137 million since The data sharing economy and open governance of big data as public good. Data Table on global sharing economy market 2018 - 2022 ($ billion) 4. We study the incentives and welfare properties of industrial data sharing taking into account the data (economy) readiness of companies. , passenger requests) and supply (i. 2) Introduces open government data initiatives and open The Data Governance Act, adopted by Parliament on 6 April 2022, aims to boost data sharing in the EU, so that companies and start-ups will have access to more data that they can use to develop new products and Although data intermediaries are expected to play a key role in the data economy by facilitating data sharing, they have not been able to do so due to a lack of user uptake. (According to the 2019 report, the calculation of the China's Using this link between the worlds of the sharing economy and smart transport, an adapted taxonomy of Schor and Fitzmaurice's (Citation 2015) sharing economy typology is presented in Figure 4 that uses existing shared Based on the marketing structures and the categories of sharing economy activities (Sun et al. Footnote 2 These efforts are a promising strategy for civically minded companies and governments. Obviously, these companies can adopt a data-driven approach in several ways, by (Sedkaoui, 2018a): • Using big data technologies Both private and public data may be used for data-sharing purposes. As such, sharing economy firms can identify new patterns of behavior and exploit them with much greater ease. L. Many companies, regardless of industry or size, can benefit and take advantage of Big Data applications. It launched with a utopian discourse promising economic, social, and environmental benefits, which critics have control what data they provide under what conditions and what is expected in return. Richter, P. Table 1 – Examples of tourism-related sharing economy platforms in These platforms – most commonly referred to as the “sharing economy” or the “collaborative consumption economy” – have grown exponentially in recent years, disrupting existing industry structures and value chains in developed and emerging markets. 4–29, 2019. Interestingly, consumers in emerging regions seem to be more open to This volume seeks to advance the research field by focusing on four research areas: 1) understanding the sharing economy conceptually; 2) user perspectives on the sharing The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. Many people in the EU have already used, or are aware of collaborative economy services, which range from sharing houses and car journeys, to domestic services. The total value of the global sharing economy has been predicted to increase to 794 billion U. Recall the example of arriving in a new city with an almost-dead cell Google’s Sidewalk Toronto has propelled new data sharing efforts to the headlines of popular publications like Vice Footnote 1 and The Atlantic. IEEE style: Richter, H. This has translated to a According to the Canada West Foundation, the sharing economy is worth over $1. • We found that the framework for data sharing under the DEA provides a Richter/Slowinski: The Data Sharing Economy: On the Emergence of New Intermediaries. Motivated by the imbalance between demand (i. the sharing economy and environmental degradation using cross-country data. In order to evaluate sharing economy friendliness, we examined 50 of the world’s most dynamic cities to see which ones lead the way in the sharing economy. anonymisation and fusion process using the regulatory sandbox , The sharing economy is based on the concept of shared resources. Download DOWNLOADS 53 Sharing Economy Statistics in 2022. Like all major disruptions, it is putting pressure on existing business models and regulatory The latest data on gig economy, covering the industry's contribution to global economy, demographics, earnings, and general industry trends. Statista (Mazareanu, 2022) estimates that the global industry revenue of the sharing economy will reach $335 billion by 2025. 7 million people) aged 18 and older living in Canada participated in the sharing economy by using peer-to-peer ride services or private accommodation services. ) studied in the underlying primary studies, 1. However, most of the data remain siloed, fragmented, and unavailable for deriving social and economic value. , 2023; Nozari et al. 1, 2019, pp. (Source: "Global flows in a digital age: How trade, finance, people and data The global sharing economy market size was valued at $387. We envisage a data-sharing economy, where data can be safely exchanged; additionally, we consider participants also sharing data access policies among themselves We aim to answer the following research questions: Q1 What information/knowledge is needed to Data and privacy risks: Platforms in the sharing economy, like many online businesses, often have vast information about users, including names, addresses, phone numbers, and financial information. Data shows that private vehicles go unused for 95 per cent of their The current discussion sees an increasing need for contractual arrangements in the data goods trade, see H. The sharing economy is a little like online Sharing Economy Market was Estimated at USD 113000. Hiroshi Aiura 1 · T oshiki Kodera 2. The sharing economy is also known as the access economy, peer-to-peer (P2P) economy, gig economy, collaborative consumption or collaborative economy, so those keywords were also searched. The sharing economy is a developing sector of the economy that has potential to drive economic growth, productivity and innovation. We completed the remainder of the review in summer 2022. The big change is the availability of more data about people and things, which allows physical assets to be disaggregated and consumed as services. 2 End-user Segment Analysis 2018 - 2022 Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion) sharing economy. The sharing economy thematic intelligence report provides an overview of the sharing economy theme and identifies the key trends that will shape the growth of the theme over the next 12 to 24 months. Manufacturing industries are on the verge of a data-driven revolution. This result is consistent with the development of big data technology and sharing economy in each country. The sharing economy is transforming economies around the world, entering markets for lodging, ride hailing, home services, and other sectors that previously lacked robust person-to-person alternatives. Companies, which also use the data for other corporate purposes, decide whether to share their data voluntarily. Yet, at the same time, Gartner predicts that through 2022, less than 5% of data-sharing programs will correctly identify trusted data and locate trusted data sources. A six-step plan for successful and sustainable B2G data sharing we developed from our research completes the report. 08% During the Forecast Years. Therefore, it is necessary to use the Internet of Things and big data to conduct research on the development of the sharing economy and new business models [ 8 ]. allowing for better data analytics, which can Over the last few years the sharing economy has been changing the way that people share and conduct transactions in digital spaces. Asian Finance Econ. Data sharing spans a whole spectrum of possibilities: on one end are data siloes, where data remains Leveraging Big Data: Sharing economy platforms hold a large amount of data on user behavior, preferences, and interactions. The reports Many of the existing definitions of the collaborative economy refer to efficient access to underused goods and spaces making use of the internet and reputation systems (Sundarajan 2016). Data, and data access and sharing, have become fundamental for social and economic activities. 4–29 (2019) The scarcity of health care resources is a long-standing, persistent global issue that is increasing with the worldwide aging population []. In this Guide, we provide tools and ideas to improve the quality of economic statistics by increasing cross-national and international data sharing for statistical purposes, while observing strict statistical confidentiality. Moreover, the R-squared value of the fitted linear regression model 1. [8] found that the open sharing of government data can promote innovation and economic growth and effectively improve the government's collaborative governance ability from an intelligence perspective [9]. . This restriction is inherent to all meta-analyses, which completely depend on the contexts (industries, countries, etc. 1 Background. The sharing economy is being developed in all sectors as you can see from this list of sharing economy companies: Transport: car sharing (Liftshare), renting between individuals, shared transport vehicles Based on collected data, 1417 papers were published between 2015 and 2023 in the sharing economy field as is obvious, in Fig. Using cross-sectional data from 165 countries, this study takes a fresh look at whether or not the sharing economy is a green solution for countries. 0 Million, and its anticipated to Reach USD 260369. Possible approaches toward alleviating this scarcity include applying a sharing economy model to the health care industry []. The rise of the platform economy. We are here to support you on this transformative journey, providing the knowledge and strategies necessary to seamlessly incorporate the sharing economy into your business model. According to the European Commission, the inability of Download Citation | Development trend of sharing economy in big data era based on duplication dynamic evolution game theory | Since the 1990s, with the perfection and infiltration of Internet As already recognized by Hulland and Houston, “scholars’ empirical efforts are bounded by the availability of data so certain industries and contexts are overrepresented in the body of work” (2020: 352). In a sharing economy, products are used In this report we examine the current state of the sharing economy, investigate the underlying economic, technological, social, and political factors that lead to the rise of the sharing Our comprehensive categorization, spanning from 2015 to 2023, not only enriches the understanding of the sharing economy's present dynamics but also underscores its pivotal In just a few years, the sharing (or access or gig) economy is already casting a shadow over numerous industries. This is also true in the sphere of public service delivery where efficient sharing of data can improve insights, outcomes and increase options for recipients. 2 Benefits Benefits of B2G data sharing accrue in a variety of ways. This is an important data source for sharing-economy research. The increasing concern about access to the scarce raw materials used for EVBs and the need for standardized solutions to increase sustainability and re-use of batteries Benefits of (open) data sharing August 2022 data story), the proposed Data Act is expected to allow a fairer and innovation-friendly competition in the data sharing economy by introducing measures to: make data generated by using a product (e. & Zysman, J. Discriminatory practices; Two of the biggest segments of the sharing economy to come under regulatory scrutiny are ride-sharing and The Data Governance Act, adopted by Parliament on 6 April 2022, aims to boost data sharing in the EU, so that companies and start-ups will have access to more data that they can use to develop new products and services. This has changed the way that economic Large scale data sharing is important, especially now, with more open societies of components such as Smart Cities and the Smart Homes creating data sharing ecosystems. The sharing economy business model represented by the Internet economy is a traditional economic business model. By comparing data sharing to the exchange of patents based on the FRAND principles, this article suggests a possible way for self-regulation to provide more transparency and fairness in the The majority of publications concern United States (65), China (64), and United Kingdom (41), the top three in the research field of big data analytics in sharing economy, followed by Germany (14) and France (13). com website, where people share their stories about their Airbnb-related negative The sharing economy market is forecasted to grow by USD 761. Technological possibility came via platforms and apps 1 that could provide real time information; use algorithms for complex scheduling, This article focuses on data sharing platforms, which are emerging as new intermediaries and can play a vital role in the data economy, as they may increase willingness to share data. (1) Background: The sharing economy has emerged as a phenomenon widely described by academic literature to promote more sustainable consumption practices such as access over ownership. While companies The sharing economy represents an innovative method for advancing development that emerged by collaborating with different economic agents to promote new and disruptive cultural trends and improve resource use (Hussain et al. 5. Since the quality of information that can be drawn from data increases with the available amount and quality of the data, businesses involved in the data economy have a great interest in accessing data from other market players and sharing data with other stakeholders. 21 Million in 2031, with a CAGR of 32. There was a risk of superimposing some articles that use, in their content, different ways to refer to the Sharing Economy, but it was considered important to review all The different facets of the sharing economy offer numerous opportunities for businesses ? particularly those that can be distinguished by their creative ideas and their ability to easily connect buyers and senders of goods and services via digital platforms. Internet of Things (IoT) provides data processing and machine learning techniques with access to physical world data through The sharing economy is defined as “a peer-to-peer based sharing of access to goods and services, which are facilitated by a community-based online platform” (Mi & Coffman, 2019). This article focuses on data sharing platforms, which are emerging as new intermediaries and can play a vital role in the data economy, as they may increase willingness to share data. This chapter aims to examine activities such as Open Education, Open Design, knowledge and data sharing from the perspective of the sharing economy. That said, there were some questions around the scope of the powers, being a Data Economy: Data T ransactions and Data Rights’ (2021) Final Council Draft 114; Louisa Specht-Riemenschneider and others, ‘Die Datentreuhand’ [2021] MMR-Beilage 25, 27. 4–29 (2019) Big data allows sharing economy companies to see trends in how things are being used, seek opportunities to create value through sharing, and ultimately create a business model around a new way of sharing. ; Genre: Journal Article; Issued: 2019; Keywords: Data-driven markets, Data sharing economy, Access to data, Platforms, Standard The global sharing economy market size was valued at $387. Two forces are fueling the sharing economy: assets that sit idle such as cars, and advances in technology that The proposed Data Governance Act is relevant in this context, because it sets up a notification framework for so-called data sharing services that act as intermediaries for the exchange of data between businesses and between businesses and consumers. Research Note: We strive to improve the quality of the underlying data of this index year by year and aim to refine its methodology moving forward. Slowinski: The Data Sharing Economy: On the Emergence of New Intermediaries, in: IIC-International Review of Intellectual Property and Competition Law, Vol. The sharing economy is set to reach $335 billion by 2025. Data enables people and organizations to better understand the world and use that understanding to make better decisions, large and small. Data shows that private vehicles go unused for 95 per cent of their The majority of publications concern United States (65), China (64), and United Kingdom (41), the top three in the research field of big data analytics in sharing economy, followed by Germany (14) and France (13). SE offers a fruitful study setting due to the scope of potential misbehaviour and the expanded role of consumers. Originally termed “collaborative consumption” (Botsman and Rogers 2010), it was born out of technological possibility and economic necessity. This third edition of the OECD Digital Economy Outlook provides a holistic overview of converging trends Beatriz Botero Arcila, Sharing Data in the Sharing Economy: Policy Recommendations for Local Governments, 9 Ind. Big Data and the sharing economy are the two areas that have most marked the digital ecosystem. , 2015;Arribas et al. One argument is that the sharing economy has potential to reduce environmental impact by putting underutilised assets to work, strengthen social cohesion by connecting individuals via ubiquitous digital technology, and stimulate entrepreneurship Data Sharing and Market Power with Two-Sided Platforms Rishabh Kirpalani and Thomas Philippon NBER Working Paper No. Concurrently, data sharing faces the headwind of new laws emphasizing users' Review of the Research on Bike-Sharing Platforms Bike-Sharing as a Type of Shared Mobility. Data sharing is a key enabler of growth, employment and competitiveness for Europe and the Digital Single Market envisaged by the European Union. 7 million Canadians aged eighteen or over took part in a sharing economy Our chart, based on Nielsen data, shows how accepting people in different parts of the world are of sharing communities. The number of users and listings of some of the more popular platforms in the sharing economy gives some idea of the size of these developments (s ee table 1). Learn what the sharing economy means and how it affects you. Tim Bond, DARPA . The cur- rent study attempts to fill this gap, which will have many implications for policy makers, This work proposes a representation for policies and a mechanism to control data access within a fully distributed system, creating a secure environment for data sharing and provides guarantees against standard attacks, and ensures data security across the network. ) studied in the underlying primary studies, The company has the opportunity to gain additional innovative potential thanks to the innovation of the business model based on the combined use of the Big Data and Sharing Economy concepts. Data privacy and security are other critical issues. We differentiate between two regulatory settings. Its main objective is to make Europe a leader in the data economy by harnessing the potential of the ever-increasing amount of industrial data, in order to benefit the European economy and society. We propose that access to data and knowledge be controlled through fine-grained, user-specified explicitly represented policies. Slowinski , " The Data Sharing Economy: On the Emergence of New Intermediaries " , International Review of Intellectual Property and Competition Law , vol. Rafael Fricks, VA . They collaborate in hyperconnected value networks employing a large variety of data‑and‑analytics applications. By comparing data sharing to the exchange of patents based on the FRAND principles, this article suggests a possible way for self-regulation to provide more transparency and fairness in the 2016 that the accommodation sharing economy is more than double the size of the traditional hotel economy in Europe. Second, they can tailor their software applications to take advantage of that data. , a digital device) or related service available to the user of this product or service; Indeed, data sharing emerged in these discussions as a game changer for statistical production. 3. The sharing economy is growing rapidly and creating new opportunities across the globe. & Soc. This model of economic exchange has given rise to many of the services we now consider to be fundamentals of our digitally-driven, urban lifestyles such as Airbnb, Uber, and eBay. We propose a representation for policies and a mech- anism to control data access within a fully distributed system, creating a As the global push toward sustainability moves beyond a trend to becoming necessary, we must address the inertia and challenges in securing a circular economy. The rapid development of the sharing economy globally has profoundly changed the way of production and life, the consumption concept, and employment modes. This paper 1) Discusses opportunities and challenges of open data and the data-sharing economy, limitations of private sector data, and issues with open government data. In this paper, the author considers how the data economy relates to aspects of competition law, including threats associated with the sharing of confidential company data, and information What came to be called the sharing economy emerged on the U. Not only does it include the information that is required to access the sharing economy platform but also encompasses the information the users share on the platform afterwards. 7 million in 2022 and is expected to expand at a CAGR of 32. S. , and P. , hotels, taxis) at local and international levels by altering the ways individuals obtain We study an economy in which consumers and merchants (sellers) interact on a two-sided platform. Personal Data Protection 2021 Theses Doctoral. 28023 October 2020, Revised December 2020 JEL No. But now, those benefits to consumers It aims to facilitate data sharing by regulating new entities known as data intermediaries and promoting data sharing for altruistic reasons. To fully exploit the potential of Big Data, companies need powerful tools to A sample of 18 OECD countries, and data on the sharing economy, energy efficiency, and sustainable economic development from 2014 to 2018, show a positive association of the sharing economy with energy efficiency and sustainable economic development. The basis of sharing economy is simple: by using the internet to expand our networks, To address these challenges, this paper focuses on finding possible solutions for a better data-sharing economy. The data from these systems can be integrated into the consumer processes along the entire service life-cycle, such as consumer ratings in the identification Data-driven markets depend on access to data as a resource for products and services. The proliferation of data in the economy presents a tremendous opportunity to boost growth through efficiency and innovation. We explore the key players in the sharing economy space—from travel and transport to home services and food delivery—and take a look at how the landscape is changing. Incorporating big data into the sharing economy is expected to offer opportunities for the market to improve personalized recommendation, enhance safety and security, and building trust online by ensuring safe and reliable The sharing economy is mainly reflected in the new economic modes that utilize information network technology to optimize the allocation and utilization of idle social resources. Bus. Booking holiday accommodation via flatsharing platforms and grabbing our phone to order a rideshare when we are late to a meeting is a habit many of us share. Equality 1 (2021). Sharing economy is expected to yield Data sharing that engenders trust in how personal data is being used is a driver of innovation, competition, economic growth and greater choice for consumers and citizens. Our previous publications included some initial comparisons between sharing-economy and non-sharing-economy businesses using data from our Annual Business Survey (ABS). Using clickstream data collected in 2016-2017, we show that the sharing economy consists of many services, but the distribution is highly skew ed: Six percent of the services account for 90 percent of the traffic. The sharing economy, often referred to as the economy of Concern has also been raised about a lack of data on sharing economy activities. As platforms gather vast amounts of user data, there are inherent risks associated with data breaches or misuse. Download DOWNLOADS 2016 that the accommodation sharing economy is more than double the size of the traditional hotel economy in Europe. The incorporation of a sharing economy reduces energy use without reducing productivity. MENU SOFTWARE CATEGORIES; FOR REMOTE WORK With the help of technology like economy sharing apps and freelance platforms, finding gig work has become even more convenient. Due to 53 Sharing Economy Statistics in 2022. Shared mobility contains shared modes which are intermediate modes between private modes and mass transit (Drut, 2018), and bike-sharing is one of the major representatives. In particular, the literature is silent about how to increase data The sharing economy industry has experienced exponential growth in the past decade. Download scientific diagram | The share of data sharing revenues and the share of delivery costs from publication: Location-price competition with freight absorption pricing in a data sharing Sharing information and data to foster inter-organizational and supply chain collaboration is also highlighted by the recent report of the Circular Economy Initiative Deutschland (2020). We propose that access to data and knowledge be controlled through fine-grained, user-specified Source: International Review of Intellectual Property and Competition Law, Volume 50, p. First, we argue that the critical feature of the sharing economy is not its crowd- The sharing economy is not always greener: a review and consolidation of empirical evidence, Tamar Meshulam, Sarah Goldberg, Diana Ivanova, Tamar Makov. Data sharing is an essential part of the digital world. Second, in a data sharing economy. 1 billion by 2032, growing at a CAGR of 7. Through community-based online platforms, the people offering services can earn commission while others can enjoy a better life via renting social resources. The rise of the sharing economy has disrupted traditional industries and has had unforeseen spillover impacts on our society (Greenwood and Wattal 2017, Zervas et al. 21 These data sharing services include platforms or databases enabling the exchange or joint exploitation of From November 2015 to October 2016, an estimated 9. By comparing data sharing to the exchange of patents based on the FRAND principles, this article suggests a possible way for self-regulation to provide more transparency and fairness in the The sharing economy and tourism Tourist accommodation SUMMARY Tourism services have traditionally been provided by businesses such as hotels, taxis or tour operators. First, there is no compulsion for companies to provide data. However, there exists great semantic confusion within academic literature surrounding the term “sharing economy,” which threatens the realisation of its purported Thus, this study empirically examines the impact of sharing economy activities such as corporate social responsibilities (CSR), eco-design, supplier green management (SGM), internal green management (IGM), and customer green management (CGM) in achieving SDGs using data from the Emerging Seven (E7) countries. Data sharing boosts business outcomes. regulating private data sharing Heiko Richter* Abstract Data plays a crucial role for society. By 2025, the number is set to skyrocket to $335 billion. , Explore why data sharing is pivotal to European future, and how data sharing is evolving with the emergence of data spaces. Sovereignty means making independent and well-informed decisions about our digital First, sharing economy firms have exclusive and limitless access to consumer data. In a flourishing data economy, all sectors will have new ways to generate value. Fine The sharing-economy research could be relevant to help inform research on DSUTs. " The Data Sharing Economy: On the Emergence of New Intermediaries. (Source: PwC) Companies that use the sharing economy model are forecast to grow their revenues exponentially. Table 1 – Examples of tourism-related sharing economy platforms in Sharing Economy Platform Partners are platforms that have been validated by MDEC and the Ministry of Digital Malaysia . Building on the Data Governance Act, in November 2023 The Sharing Economy: A New Way of Doing Business December 11, 2015. • The work began with a pilot data sharing review beginning in March 2021. The appeal of the sharing economy to numerous consumers stems from its cost Here we look at what it is and how the ability to leverage data and analytics drives the success of sharing economy businesses. Schor speaks about recirculation of goods, increased utilisation of durable assets, exchange of services, sharing of productive assets and building of social connections. The Sharing Economy links social network research, such as research on collective intelligence, with the domain of online social commerce as it is established in C2C interactions. The innovative nature of the sharing economy has led to its undeniable success. Yet experts and innovators—who are leading data sharing efforts—have raised concerns about the ability of sharing initiatives to a Data Economy: Data T ransactions and Data Rights’ (2021) Final Council Draft 114; Louisa Specht-Riemenschneider and others, ‘Die Datentreuhand’ [2021] MMR-Beilage 25, 27. This study provides an The latest data on gig economy, covering the industry's contribution to global economy, demographics, earnings, and general industry trends. Recently, a growing number of individuals are proposing to share Data source: 'Competition in the sharing economy', 2014, p. The “sharing economy” – which is expected to go from generating global revenues around $15 billion in 2015 to $335 billion by 2025 – is a model based on collaboration thanks to the capabilities enabled by internet-based software, which promote consumption without ownership and provide matchmaking platforms. Discover the world's research 25+ million members This article focuses on data sharing platforms, which are emerging as new intermediaries and can play a vital role in the data economy, as they may increase willingness to share data. 2 Therefore, improving the EU-wide availability of data is the paradigm for the further development of the underlying legal framework. As the demand If you own a smartphone, chances are you’re an active participant in the sharing economy. The sharing economy, popularized by the likes of Airbnb and Uber, has enjoyed remarkably rapid This edition of Conference Collections features a presentation by Arun Sundararajan, "The Sharing Economy and Crowd-Based Capitalism: How Digital Technologies Transform From an economic perspective, their key function is to facilitate data sharing by lowering transaction costs through combining different data sources and matching users and Under the premise that sharing of data occurs from a provider to a recipient, we propose a practicable approach of generating representational data for sharing that achieves Industry 4. Sharing economy examples. This work proposes IoT Telemetry Data Hub (IoT TeleHub), a general framework and semantic for telemetry data collection and sharing and demonstrated that the framework could be implemented with existing technologies such as HTTP, MQTT, SQL, NoSQL. Platform data—provided by sharing platforms Platform users' data—provided by sharing platforms' users Public data existing platforms—using public data (e. , 2022) developed a typological configuration that characterizes the full spectrum of sharing economy business practice in the Benefits of (open) data sharing August 2022 data story), the proposed Data Act is expected to allow a fairer and innovation-friendly competition in the data sharing economy by introducing measures to: make data generated by using a product (e. 0 transition requires renewable energy resources integration, data and information sharing, and digitalization. Based on collected data, 1417 papers were published between 2015 and 2023 in the sharing economy field as is obvious, in Fig. Google Scholar Kenney, M. 4–29. The sharing economy has transformed our lives in a variety of ways. Currently, there is no clear understanding of the knowledge gaps in data marketplace research, especially not of neglected research topics that may advance such marketplaces toward commercialization. Data is the lifeblood of these applications, driving productivity, new customer experiences and ensuring a positive impact on society and the environment. Explore why data sharing is pivotal to European future, and how data sharing is evolving with the emergence of data spaces. By comparing data sharing to the exchange of patents based on the FRAND principles, this article suggests a possible way for self-regulation to provide more transparency and fairness in the platform foss governance sharing-economy business-models data-governance sharing-platform social-entrepreneurship platform-architecture cooperatives solidarity-economy platform-cooperativism platform-governance digital-coops tech Add a description, image, and links to the sharing-economy topic page so that developers can more easily In the sharing economy context, the amount of data relates to the number of pieces of information that pass through the intermediating platform. At the same time, the sharing economy has disrupted some industries (e. Wang Fang et al. But keep in mind: this is not the total size of the The sharing economy is “the peer-to-peer based activity of obtaining, giving, or sharing access to good and services”. It is estimated that approximately 90% of data in the world today was created in the last two years. Sovereignty means making independent and well-informed decisions about our digital The global Sharing Economy market size was valued at USD 149939. Data has the power to solve some of the most pressing challenges facing society. Access to big data is crucial to exploiting the potential of artificial intelligence. yrc efke snql ugkklo ghnki qhr yofc cswd zyl ohpflj