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ISSN 1004-9037
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Edited by: Editorial Board of Journal of Data Acquisition and Processing
P.O. Box 2704, Beijing 100190, P.R. China
Sponsored by: Institute of Computing Technology, CAS & China Computer Federation
Undertaken by: Institute of Computing Technology, CAS
Published by: SCIENCE PRESS, BEIJING, CHINA
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      1 Jan 2024, Volume 39 Issue 1   
    Article

    UNRAVELLING THE CONUNDRUM OF DATA DOMINANCE: CHARTING A COURSE THROUGH THE DIGITAL MARKETPLACE
    Sakshi Gupta
    Journal of Data Acquisition and Processing, 2024, 39 (1): 1161-1174 . 

    Abstract

    Data has become a very important asset for digital age at the same time posing various regulatory challenges. The current digital transition is greatly influenced by data domination, which has emerged as a dominant factor affecting the dynamics of digital markets and the larger socio-economic landscape. This paper explores the complex relationship between data control, market rivalry, and regulatory obstacles, with the goal of understanding the hurdles involved in navigating the digital economy. The paper examines the mechanisms and factors that contribute to data dominance and highlights its impact on competition, consumer welfare, and societal well-being. Utilizing theoretical frameworks, empirical evidence, and case studies, this study examines the various aspects of data dominance and provides insights into viable strategies for tackling the issues it presents. The study examines the involvement of the Competition and Consumer challenges (CCI), the European Commission, and other governing bodies in addressing these problems. It also highlights the significant rulings made by these authorities on monopolies in the data-driven market, which reflect their stance on addressing market challenges. The study argues for a well-rounded approach that includes legislative interventions, industry practices, and consumer empowerment programs to promote a digital economy that is more competitive, inventive, and inclusive. Through the involvement of stakeholders from various industries, this initiative aims to establish a path towards a future where the control and influence of data act as a driving force for advancement, rather than a hindrance to equal opportunities and fairness in the digital era.

    Keyword

    Data, Digital Markets, E-platforms, Network Effect, Abuse of Dominance, Competition.


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ISSN 1004-9037

         

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