DATA AS A COMMODITY: AN ANALYSIS OF THE CONTRADICTIONS OF A THEORETICAL AND PRAGMATIC APPROACH

Author(s): Khristova S.M.

Rubric: Management

DOI: 10.21777/2587-554X-2025-1-77-86

Release: 2025-1 (52)

Pages: 77-86

Keywords: data, commodity, product, data economics, digitalization, digital trans-formation, Raw Data, Data Mining, informatization

Annotation: The article is devoted to the theoretical conceptualization of data as a commodity. A comprehensive view of data is proposed: as a resource, a product, and a commodity. Special attention is paid to the economic nature of the data, identifying the essential characteristics of their usefulness and value. The author’s approach to data classification is proposed. The trend of data market forming is noted due to the spread of the view of data as a commodity. The main categories of consumers who are willing to pay for the data have been identified. The issue of Data Mining as a tool for processing data was raised. The role of Raw Data in creating data as a commodity with the highest value and usefulness for the con-sumer is emphasized. A debatable question about the attribu- tion of personal data to a product is presented. The statistical assessment of Russians’ willingness to share their personal data is analyzed. The main goals of companies in the use of data are studied. The desire of companies to integrate access to data from various sources in order to obtain different information for their activities is noted.

Bibliography: Khristova S.M. DATA AS A COMMODITY: AN ANALYSIS OF THE CONTRADICTIONS OF A THEORETICAL AND PRAGMATIC APPROACH // Economics and Management. – 2025. – № 1 (52). – С. 77-86. doi: 10.21777/2587-554X-2025-1-77-86