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Business trends

Big-data trading platform to launch in Japan next month

The venue hopes to spur active information exchanges by ensuring safety

163 trillion gigabytes of data will be generated by 2025 as businesses become more digitized.   © Reuters

TOKYO -- A private-sector exchange facilitating sales of big data will go live on Oct. 1 in Japan, providing a secure venue for businesses to obtain a variety of information across different sectors.

The platform aims to promote active data exchanges to spur business innovation even as Japanese companies lag behind their Western peers in tapping the potential of big data. Many still remain reluctant to share their proprietary information. 

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