Determining the value of data in Data-as-a-Service offerings is a complex challenge that encompasses both quantitative and qualitative dimensions. A systematic approach combines economic valuation methods with usage- and context-related factors. Economic Valuation Approaches Cost-based method: Determination of value based on collection, storage, and processing costs
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Accounts for direct and indirect costs of data provisioning
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Limited, as costs do not necessarily correlate with benefit
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Establishes a lower price threshold for commercial data offerings Market-based method: Orientation toward comparable datasets and their market prices
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Comparison with similar data offerings on the market
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Benchmarking against industry standards and competitors
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Challenging for unique or highly specialized data Income-based method: Valuation based on achievable revenues/savings
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Projection of future cash flows through data usage
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Application of Discounted Cash Flow (DCF) methods
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Consideration of risk and uncertainty factors Options-based method: Valuation of strategic potential and flexibility
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Use of real options models.