data economics

The corona pandemic was an eye opener. Practically overnight, it has demonstrated how digitalization can transform almost every area of daily life. It has accelerated structural change towards a data economy. A data economy works according to its own rules. They differ fundamentally from the principles of a goods economy. Therefore, the new data economy requires a new data economics.

The Industrial Data Space enables business based on networked data and data sovereignty at the same time. The technological solution and the certification scheme of the Industrial Data Space ensures secure access to data which companies usually do not dare to share today. This gives new opportunities and provides new data-driven business models. The Industrial Data Space® initiative consists of a research project owned by the Fraunhofer-Gesellschaft and the Industrial Date Space Association.