Centralized Data Asset Marketplace Platform

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Solution Overview

Problem

Existing data marketplace systems lack a centralized platform for efficiently registering, searching, sharing, and managing data assets, leading to fragmented data access and compliance issues.

Innovation Solution

A centralized data marketplace platform that allows for the registration, searching, sharing, and management of data assets through a single network or cloud environment, featuring a user interface layer, meta data management, service discovery, and access control components.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If a centralized data marketplace platform is implemented, then data asset management efficiency and compliance are improved, but system complexity increases

Engineering Contradiction:
ImprovecomplianceVSAvoidsystem complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The system is divided into distinct functional modules including a user interface layer, meta data management component, service discovery component, service request processing component, and delivery service. Each module handles specific aspects of data asset management, allowing the complex system to be organized into manageable segments that work together to achieve centralized control and compliance.

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The patent introduces a meta data management component that acts as an intermediary between users and data assets. This component manages metadata registration, storage, and retrieval, simplifying the interaction complexity while maintaining centralized control. The service request processing component also serves as an intermediary that handles authorization requests between users and data assets.

Inventive Principle:
Principle #24Intermediary (Mediator)

2Ease of operation

If a self-service model is provided for data access, then ease of operation is improved, but access control complexity increases

Engineering Contradiction:
Improveease of accessVSAvoidaccess control complexity
Core Design Contradiction:
Ease of operationVSDevice complexity

Solution Approach 1:

The system enables users to independently search for data assets, view metadata, and request access without requiring manual intervention from data owners or administrators. The service discovery component allows users to find assets, and the service request processing component automatically handles authorization requests, making the process self-service oriented while maintaining security.

Inventive Principle:
Principle #25Self-service

Solution Approach 2:

The access control system incorporates feedback mechanisms where authorization requests are processed and users are notified of the status. The system provides feedback to users about their access status and allows them to understand the authorization process, making the complex access control transparent and user-friendly.

Inventive Principle:
Principle #23Feedback

3Measurement precision

If data assets are continuously read and updated in the meta database, then data freshness and accuracy are improved, but system resource consumption increases

Engineering Contradiction:
Improvedata accuracyVSAvoidsystem resource consumption
Core Design Contradiction:
Measurement precisionVSUse of energy by moving object

Solution Approach 1:

The system performs preliminary actions by registering and storing metadata in the meta database before data assets are actually accessed. This allows the system to prepare and organize data information in advance, reducing the need for continuous intensive processing while maintaining data accuracy and freshness when needed.

Inventive Principle:
Principle #10Preliminary action

Data Source

PatentUS12307506B2Method for managing data assets in an enterprise data marketplace
Publication Date: 2025.05.20 GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
  • US12307506B2 patent drawing
  • US12307506B2 patent drawing
  • US12307506B2 patent drawing

AI summary

A system and method for a centralized data asset marketplace including a single network or cloud platform environment for the sharing and distribution of data assets, a user interface layer providing a user access to the environment, data assets, an access control and audit component which stores user's requests and a single sign on component allowing the user to access the user interface layer, wherein the user interface layer includes a meta data management component, a service discovery component, a service request processing component, and a delivery service. The method of managing data assets includes registering of data assets, wherein the registering of the data assets includes registering meta data of the data assets; accessing and execution of data assets; searching for data assets, wherein the searching can be via a pre-configured search or custom created search queues; sharing of data assets, wherein the sharing of the data assets can be done for the corresponding meta data or of actual results of the data asset; checking out data assets, wherein checking out of the data assets includes adding the assets to a shopping cart; and authorization for selective execution of the data assets.