[Data Broker Evaluation Criteria] Group Standard had been Released

On December 8, 2023, the Second Digital Government Construction and Digital Bay Area Development Achievement Expo was held in Guangzhou, and the group standard "Data Broker Evaluation Standard", which was compiled by Syncreation and Innovation Ltd. with the participation of more than eighty data exchanges, scientific research institutes, and data vendors, was formally released in the Expo.

Currently, China's data flow trading market has 49 data trading venues. However, compared with the securities market, there are very few data brokerage firms, the professional "broker" in the field of data flow. Therefore, fostering more professional data brokerage firms has become an important task in building a perfect data flow trading ecosystem. To this end, the Company led nearly 50 data trading venues, research institutes, data vendors and data trading intermediaries to draft and publish the group standard "Data Broker Evaluation Standard".

The "Data Broker Evaluation Standards" released this time stipulates the general principles, evaluation index system, evaluation method and process, and evaluation conclusion of data broker evaluation, which provides a scientific and reasonable evaluation index system for measuring the business capability of data brokers, and guarantees that the evaluation is in accordance with the law, fair and just, as well as open and transparent by standardizing the evaluation process. It also provides a practical reference for clients to select data brokers, and at the same time provides a practical basis for cultivating data brokers, and a practical methodological framework for data brokers to provide data resourcing, productization, assetization and capitalization services.

The "Data Broker Evaluation Standard" group standard aims to provide feasible behavioral guidance and norms for data brokerage business, which is conducive to the construction of a data broker ecological service system that develops in tandem with the data factor market, promotes the realization of on-site registration, transaction and clearing of data, and the formation of a healthier ecology of development, promotes the healthy, compliant, and orderly development of the data flow transaction and data factor market, fully releases the value of the data factors, accelerates the construction of the multi-trillion dollar national unified market for data flow transactions, and achieves the capitalization, securitization, and securitization of data, which further promotes the development of the country's digital economy.

Linking up and creating together, cooperating for a win-win situation. Syncreation will continue to play its professional advantage as a "linker" of resources and market opportunities from the perspective of data element circulation, helping the digital economy to develop vigorously and providing a wider space for the value creation of data to be better utilized.