Wednesday, May 30, 2007

Selling Data Through Web Service

StrikeIron, "data as a service", provides a marketplace where people can put web services or purchase hits on web services that make available data which value is dependent on time, for instance, foreign currency exchange rates.

The key of business model is to sell valuable real time streamed data. And WS is adopted to simplify the data service implementation. The idea is cool and simple. And seems it works. I mean StrikeIron does have quite a few customers.

By googling "web serivces marketplace", I am aware Amazon has filed a patent of web services marketplace on 2005.

If someone is able to build up valuable data by doing data mining on Internet with the help of tools like google, and use StrikeIron to host a WS to provide the data, then (s)he can make money!

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