It is important to understand that the impact of data sharing usually exceeds the direct interest of a group of involved organisations. Data sharing initiatives often bring forth additional societal effects.
By leveraging the collective power of shared data, organisations can contribute to addressing critical societal challenges and creating a positive impact beyond their own business interests. Realising these societal effects often requires governmental influencing (e.g. subsidies) in order to make the data sharing initiative profitable for all involved.
This article emphasises the importance of a fair distribution of risks and benefits among all participants to achieve a solid financial foundation and consequently a sustainable data sharing collective. A well-developed business case is needed for the collective to get a grip on these risks and benefits.
Help your data-sharing initiatives
A business case is crucial for building trust and alignment, as projects will likely fail when benefits are unevenly distributed among participants. Successful data-sharing initiatives know how to reach improvements that benefit all participants.
That’s why AMdEX has created a template for you in cooperation with Abykys.