In the era of the digital economy,data,the most important factor of production,has garnered wide attention.The relation of social production centering on data has given rise to data capital.The factorization and commercialization of data drive the transformation of data into data capital,and the process of data capital-ization relies on the processing of data for value generation at each stage of data production.From the opera-tional logic of data capitalization,capital occupies a large amount of user data with platforms as the medium,and these data become important carriers of capitalization.As data flow from the circulation field into the pro-duction field,the combination of data and laborers of data production achieves value addition,and the living labor of laborers of data production is the only source of surplus value.Data undergo the process of factoriza-tion,commodification,and capitalization to ultimately form capital,while this capitalization path may vary due to differences in the evolution of data value forms.Although data capitalization in China has developed rap-idly,the operation of data capitalization still faces many challenges.Therefore,we should probe into the prob-lems that arise during the process of data capitalization,so as to provide a theoretical basis for guiding the healthy development of data capital.
Capitalization of DataData CapitalData FactorizationData CommercializationLaborers of Data Production