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Key people at The Data Economics Company.
The Data Economics Company (DECO) develops the Lydion Engine, a proprietary data economics operating system. This platform is designed to unlock the economic potential inherent in data by providing the infrastructure to package information as meaningful outcomes. The Lydion Engine facilitates the secure transaction of these outcomes as products, effectively creating a framework for treating data as a new form of digital asset.
Founded in 2018, The Data Economics Company emerged from the shared vision of co-founders David Lipa and Arka Ray. Their insight recognized that isolated data holds limited utility, but its value escalates significantly with scale and context. Lipa, with a background in financial technology, and Ray, serving as CTO, combine expertise to build a system that realizes the profound impact of data economic science across various industries.
The company primarily serves organizations seeking to convert their raw data into valuable, transactable digital assets. Its long-term vision is to pioneer and propagate the evolving field of Data Economics, establishing an operating system where data functions as a new form of currency. This approach empowers businesses to activate the full power of their data, fostering trust, liquidity, and enhanced decision-making.
Key people at The Data Economics Company.