Interesting use case on Ocean Data Exchange on Monday, May 23 at the World Economic Forum Annual Meeting in Davos during a panel on “Responsible Data Sharing and Empowering Business post COP26”.
There was more data produced from the ocean last year than there has been in 20 years. This exponential increase in data makes it possible to predict more and more precisely the ocean’s behavior. But we could go further. Many activities directly or indirectly linked to the sea - in the field of energy or transport - collect huge amounts of data about oceans’ activities. However, the perception is that it’s very complicated to access them for the simple reason that still most companies do not see yet the benefit in exchanging data.
For organizations to feel more comfortable in sharing data and embark in a Data Exchange initiative, they need to:
- First, be reassured that they keep control over the data they share, with whom they share it and for which purpose.
- Second, understand the significant impact on their company brand image they could harness by undertaking such actions
Exchanging data and having them circulate across ecosystems is key to help us reach our commitments post COP26. Data exchange will lead us to new innovative data-driven solutions that could benefit both the economy and the planet!
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