Data analyst firm is an intermediary service organization and enterprise unit initiated by data analysts for the quantitative research of big data in China data analysis industry.

The business scope of Big Data Exchange is as follows:

1. The business scope of big data exchange includes big data asset trading, big data financial derivative data design and related services; Development of technologies such as big data cleaning and modeling; Financial leverage data design and services related to big data; Other businesses related to big data transactions approved by regulatory agencies and relevant departments.

2. The Big Data Exchange will provide data futures, data financing, data mortgage and other services for data providers, establish a credit evaluation system for data of both parties to the transaction, increase the flow of data transactions and accelerate the flow of data.

3. Data varieties include twelve types of big data, including government, medical care, finance, enterprises, e-commerce, energy, transportation, commodities, consumption, education, social interaction and society.

To sum up, according to the relevant regulations, institutions engaged in data transaction intermediary services violate their obligations, and the relevant departments shall order them to make corrections, confiscate their illegal income, and impose a fine of more than one time and less than ten times their illegal income. And can be ordered to suspend related business, suspend business for rectification, revoke the relevant business license and other penalties.

Legal basis:

People's Republic of China (PRC) Data Security Law

Article 47

Where an institution engaged in data transaction intermediary services fails to fulfill its obligations as stipulated in Article 33 of this Law, the relevant competent department shall order it to make corrections, confiscate its illegal income, and impose a fine of more than 1 times and less than 10 times its illegal income. If there is no illegal income or the illegal income is less than100000 yuan, a fine of more than100000 yuan and less than1000000 yuan may be imposed, and the relevant business may be ordered to suspend, suspend business for rectification, revoke the relevant business license or revoke the business license. The directly responsible person in charge and other directly responsible personnel shall be fined 1 more than 10,000 yuan1less than 0,000 yuan.