Data economy

Data as a key resource for innovation

Data is one of the key resources for the digital economy. It opens up enormous opportunities for companies to innovate and create value by enabling the development of new products and services, optimised processes and ground-breaking business models.
The amount of data generated is growing at an exponential rate, particularly as a result of the Internet of Things. However, most of this "treasure trove of data" has so far remained untapped: the European Commission assumes that 80 per cent of all data generated by networked devices in Europe remains completely unused.
Breaking down data silos and sharing data across company boundaries is seen as the key to better utilising the innovation and growth opportunities of the data economy - both along established value chains and in completely new networks and constellations.