Value-Based Data Reputation Management in Marketplaces

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Solution Overview

Problem

Current data marketplace environments lack mechanisms for providing feedback and reputation management, leading to risks in data purchasing decisions based on superficial information, and there is no existing way for data consumers to programmatically rate data transactions or for data producers to provide feedback on data consumers' usage.

Innovation Solution

Implementing value-based data reputation management through the creation of feedback mechanisms, including electronic data storage areas for feedback, valuation tables, and data reputation indicia, which allow data producers and consumers to provide and evaluate feedback, and calculate reputations based on transaction value and usage.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If data transactions are based on superficial information (basic metadata and price), then transaction speed and ease of operation are improved, but reliability and risk assessment deteriorate

Engineering Contradiction:
Improveease of data purchaseVSAvoidrisk in data purchasing decisions
Core Design Contradiction:
Ease of operationVSReliability

Solution Approach 1:

The system pre-calculates and stores valuation data, reputation scores, and quality metrics before transactions occur. This allows buyers to make informed decisions quickly without performing complex analysis at the moment of purchase, thus maintaining ease of operation while improving reliability through预先 prepared comprehensive evaluation data

Inventive Principle:
Principle #10Preliminary action

Solution Approach 2:

The patent introduces an intermediary valuation and reputation system that mediates between data producers and consumers. This intermediary computes objective quality metrics, reputation scores, and valuation data, providing a trusted third-party assessment that reduces risk for buyers while keeping the transaction process simple and fast

Inventive Principle:
Principle #24Intermediary (Mediator)

2Reliability

If comprehensive feedback mechanisms and reputation systems are implemented, then reliability and data quality assessment are improved, but device complexity and system structure worsen

Engineering Contradiction:
Improvedata quality assessmentVSAvoidsystem structure complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The system segments the complex reputation and valuation problem into distinct, manageable components: (1) feedback collection modules for different data types, (2) valuation computation engines for different quality metrics, (3) reputation scoring systems for different participant types. This segmentation allows each component to be developed and maintained independently, reducing overall system complexity while maintaining comprehensive assessment capabilities

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The system implements self-service mechanisms where data producers and consumers automatically generate and update their own reputation profiles and valuation data through their interactions. The system automatically computes quality metrics based on transaction outcomes without requiring manual intervention, thus improving reliability while minimizing the operational complexity burden on users

Inventive Principle:
Principle #25Self-service

Data Source

PatentUS11210713B2Value-based data reputation management in data marketplace environment
Publication Date: 2021.12.28 EMC IP HLDG CO LLC
  • US11210713B2 patent drawing
  • US11210713B2 patent drawing
  • US11210713B2 patent drawing

AI summary

Techniques for value-based data reputation management in a data marketplace environment are provided. For example, a method comprises the following steps. In a data marketplace environment with at least one data producer and at least one data consumer, an electronic data storage area is established, by one of the data producer and the data consumer, for receiving and storing feedback data from the other of the data producer and the data consumer. The feedback data relates to a transaction between the data producer and the data consumer with respect to a given data set.