Data has become one of the most important commercial commodities in the modern age. This article looks at data from the perspective of property rights to ascertain if data can be properly regulated if granted property rights. Such an analysis would require balancing considerations from different stakeholders, including data users from whom the data points have been extracted. The article also looks at industrial data and treats it as a distinct category from usergenerated data. The article contends that it may not be also easy to make this distinction. Hence, a holistic approach to data is necessary. Currently, big data companies have monopolized the field, and the article attempts to suggest a new model to balance the right of different stakeholders.