Platform-based economies refer to economic systems that rely on digital platforms to facilitate transactions and interactions between users. These platforms, such as Uber or Airbnb, connect service providers with consumers, allowing for the exchange of goods and services without traditional intermediaries. This model often leads to increased efficiency and lower costs for users. In a platform-based economy, data plays a crucial role in enhancing user experiences and optimizing services. Companies leverage user-generated data to improve their offerings and tailor services to individual preferences. This approach fosters innovation and competition, reshaping traditional industries and creating new market opportunities.