Data Ecosystems: Conceptual Foundations, Constituents and Recommendations for Action
The proliferation of digital technologies and artificial intelligence solutions is accelerating business models characterized by steadily increasing data traffic. Data is the strategic resource for their success. Making the most of this valuable resource must be the goal of business ecosystems.
The new report on “Data Ecosystems” by the Fraunhofer ISST elaborates on the rising topic of data-driven ecosystems and how organizations can generate more value of existing data assets by using inter-organizational cooperation.
Data sovereignty is a fundamental element for data-driven ecosystems. Therefore, the report devotes an entire chapter to IDS: "IDS […] provides a basis for creating smart-service scenarios and facilitating innovative cross-company business processes, while guaranteeing data sovereignty for data owners."