Make better informed decisions and deliver efficient support to the people and the planet by improving data collaboration with internal and external stakeholders.
The COVID-19 crisis illustrates how critical and strategic data exchange is in resolving global crises and addressing major concerns. NGOs and institutions now realize that better data circulation is essential to build a better world.
Whether climate, food, diseases, humanitarian, economic, environmental or social, all major challenges of the twenty-first century can be successfully met through better access and use of data from multiple sources, organized within data ecosystems. Data ecosystems have become a fundamental component of competitiveness and economic sovereignty.
Organizations who share data have greater outcomes due to more informed decisions, sharper insight, improved collaboration, and can offer more relevant services for the people and the planet.
More than $20 billion in new value have been created by public-private data exchanges for the common good. They have adopted innovative business models, privacy-enhancing new approaches and technologies to strengthen citizen trust.
The challenges organizations are facing today, whether economical, environmental or societal, have become so complex that it is now impossible for any individual organization or government to solve them by themselves. Sharing and exchanging data between multiple stakeholders at scale has become an imperative.
The 2022 Davos Agenda had 4 dedicated sessions on data exchange and data sharing.
Listen to the panel entitled “Strengthening Trust in Public-Private Data Exchanges” where Fabrice Tocco, Dawex co-CEO, is sharing his vision on new data exchange ecosystems.
“Public-private data exchanges for the common good have created more than $20 billion in new value as they have adopted innovative business models, privacy-enhancing technologies and new approaches for strengthening citizen trust.”
Data hubs or Data Exchange Platforms, operated by non-government organizations, would offer policy makers, NGOs and institutions, as well as organizations from the private sector, a secure and trusted environment to fulfill their core mission through better sourcing, sharing and exchange of data.
Accelerating response with Data Exchange
The COVID-19 pandemic has illustrated how critical data use is to build up fast response in crisis situations. Data Exchange Platforms offer a trusted environment to facilitate and accelerate data circulation, while ensuring traceability and security over the data transaction. Here are some use cases where data sharing is a game changer:
“We urgently need a renewed focus on achieving global digital and data governance, developing global digital public goods, increasing trust and reducing uncertainty in the digital economy. The pandemic has shown the critical importance of sharing health data globally.”
Source: Digital Economy Report 2021
Reducing carbon footprint
Climate change requires immediate and far-reaching action. According to the BCG, cross-sector data partnerships contribute to speeding up the journey to net-zero GHG emissions by 5 to 10%. Data Exchange solutions are key in helping climate related data circulate and raising awareness between the many stakeholders in order to:
“Successful weather and climate services are completely dependent upon continued access to observational data from around the globe, exchanged internationally.”
Improving natural resources management
Natural resources and biodiversity are threatened by human activities. Sharing and exchanging data can optimize the use of natural resources and reduce human footprint, such as:
Monitoring trends and forecasts economic developments
The need for statistical, economic and social data has never been so critical to understand the transformations the world is living through. Data Exchange solutions improve data accessibility and can be used to preserve economic sovereignty. Facilitating data circulation through trusted and secure data exchange environments enables the development of powerful use cases, among them:
“At the core of our Strategy is a simple idea: We start with data action that adds immediate value for our organization and the people we serve.”
The World Economic Forum Global Future Council on Data Policy undertook the impressive work of mapping the forces that are transforming the data ecosystem. As a Tech Pioneer and member of the Global Future Council, Dawex was invited to deliver the Data Exchange perspective.
The needs for exchanging data between public and private organizations have never been more crucial as it’s addressing business and societal challenges, reinforcing public-private partnerships to foster new cooperation power based on data circulation.
The benefits brought by the circulation of data are infinite.
To fulfill their core mission, non-government organizations’ needs for data vary greatly and the finer points of data exchange can be challenging to grasp. Dawex Data Exchange Advisory teams have the expertise to quickly onboard you on your Data Exchange journey, help you build a solid plan and strategy to unlock the potential of your data assets in order to improve data collaboration with internal and external stakeholders.
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