Licensing services for the right to use databases

cpc code 73312 covers the licensing services for the right to use databases. This industry plays a crucial role in the modern information-driven economy, enabling businesses and individuals to access and utilize a wide range of data and information resources. The licensing of database usage rights is essential for organizations to legally and securely incorporate external data into their operations, driving innovation, decision-making, and competitive advantage.

The main production techniques in this industry involve the development and management of database licensing agreements. This includes negotiating the terms of use, setting pricing structures, and establishing the scope of permitted utilization. Database owners or providers work closely with licensees to ensure the appropriate access, security, and compliance measures are in place to protect the integrity and intellectual property of the data.

The key inputs required for this industry include the database content itself, which can encompass a wide range of information sources, from financial data to scientific research. Additionally, the industry relies on specialized software and information technology infrastructure to facilitate the licensing and access to these databases. Skilled professionals, such as legal experts and data management specialists, are also essential inputs for navigating the complex regulatory and contractual aspects of database licensing.

The primary output of this industry is the licensed right to use and access databases. These outputs are consumed by a diverse range of 52111 Packaged Software Publishing, 54151 Computer Systems Design and Related Services, and 54169 Other Scientific and Technical Consulting Services industries, as they incorporate external data sources into their products, services, and decision-making processes.