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Dealer: End-to-End Data Marketplace with Model-based Pricing
Data-driven machine learning (ML) has witnessed great successes across a...
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Perturbed Pricing
We propose a simple randomized rule for the optimization of prices in re...
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Revenue Maximization for Query Pricing
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Performance-Based Pricing in Multi-Core Geo-Distributed Cloud Computing
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A Cloud Controller for Performance-Based Pricing
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Learning to Clear the Market
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Business Model of a Botnet
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Model-based Pricing for Machine Learning in a Data Marketplace
Data analytics using machine learning (ML) has become ubiquitous in science, business intelligence, journalism and many other domains. While a lot of work focuses on reducing the training cost, inference runtime and storage cost of ML models, little work studies how to reduce the cost of data acquisition, which potentially leads to a loss of sellers' revenue and buyers' affordability and efficiency. In this paper, we propose a model-based pricing (MBP) framework, which instead of pricing the data, directly prices ML model instances. We first formally describe the desired properties of the MBP framework, with a focus on avoiding arbitrage. Next, we show a concrete realization of the MBP framework via a noise injection approach, which provably satisfies the desired formal properties. Based on the proposed framework, we then provide algorithmic solutions on how the seller can assign prices to models under different market scenarios (such as to maximize revenue). Finally, we conduct extensive experiments, which validate that the MBP framework can provide high revenue to the seller, high affordability to the buyer, and also operate on low runtime cost.
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