dataomsetningu
Dataomsetningu is an Icelandic term that blends data with omsetningu (turnover or revenue). In business and policy contexts it refers to turning data into economic value, including data monetization, licensing, data marketplaces, and data-driven services that generate income from data assets.
Scope and mechanisms: It encompasses the data lifecycle—from collection and storage to processing, analysis and distribution.
Governance and ethics: Because data assets may include personal information, dataomsetningu intersects with privacy, consent and
Challenges and criticism: Valuing data fairly, ensuring interoperability, and distributing revenue among data sources remain difficult.
Relation to broader concepts: The term is linked to the data economy, data monetization, and data governance.