I'm happy I joined the discussion panel about making money from sharing data/services in the FAME project. During the panel and the symposium, we saw that the real problem is spreading knowledge. We have the technology, but companies need to understand the value of their data. We need to help them see how their data can become profitable without losing ownership. I believe we should focus less on just the data and more on the services that can come from it. This will help us overcome the issues we talked about, like companies saying: "We have loads of data but don't know what to do with it." "We have too much data and not enough people to manage it." Instead, we should ask, "What valuable services can you offer with your data?" These services could include things like analysis, AI,LLM,ML, synthetic data, or using data for different purposes. It's important that the data and services meet high standards, follow European rules, and ensure fair treatment of the owners. To do this, we need common rules and "language" (semantic and syntactic) for using data and DataSpaces can help with this. This is, for me, our main challenge. BDVA - Big Data Value Association International Data Spaces Association (IDSA) Data Spaces Support Centre FAME GFT Technologies
🎉 Only one week away from the Data Spaces Symposium 2024 and during its 1st day, as part of BDVA's DataWeek 2024 activities, a really engaging session under the topic of Data Monetization is taking place bringing together 6 Horizon Europe projects - UPCAST, FAME, DATAMITE, PISTIS, EnrichMyData, and Graph-Massivizer to share their insights on the topic and how they contribute with their work on data spaces. Through a comprehensive dialogue, this session aims to unravel the value, challenges, and approaches associated with transforming data into economic assets and products. 💡The session includes a line-up of experts on the multifaceted dimensions of data monetization: Richard Lloyd Stevens Luis Daniel Ibáñez Liliana Beltran Antonio Sottosanti Mihnea Tufis Sebastian Schmidt Fernando Perales (Ph.D., MBA) so make sure not to miss it! Title: "Navigating the Future of Data Monetization: Insights from Horizon Europe Projects" 📍Location: Darmstadtium (room Chromium) 🗓 Date: March 12th 2024 🕑 12:00 - 13:00 CET Join us in Darmstadt during the Data Spaces Symposium / Data Week, and participate in the discussions! More info at: https://lnkd.in/gi5X3akW 👉🏻 Registration still open: https://lnkd.in/gZsBNP3U #DataWeek2024 #DataSpacesSymposium2024 #dataspaces #datamonetisation #dataproduct #dataspaces BDVA - Big Data Value Association enRichMyData UPCAST: Universal Platform Components for Safe Fair Interoperable Data Exchange & Monetisation Graph-Massivizer Project DATAMITE PISTIS Fame HorizonEU.