Data Exchange Advisory Service

The question of leveraging data assets to create value is now at the strategic agenda of most organizations.

Engaged in defining your organization’s data strategy, you certainly wonder: Should my organization distribute data to other companies to create direct revenues ? Should my organization share data internally/externally to improve operations or boost market efficiency ? Should my organization organize data exchanges in our ecosystem to strengthen its performance and resilience? What value can my organization expect from a data exchange strategy, and how should we organize to deliver it?

Dawex Data Exchange Advisory helps your organization structure and tackle these questions, and kickstart the design & implementation of your Data Exchange strategy.

Leverage a team of experts with years of experience and proven methodologies

Dawex has developed strong market expertise on data exchange through multiple cross-disciplinary projects in more than 15 industries around the world, and structured best practices. Dawex team of experts has supported its customers in designing and implementing sound & value creating Data Exchange strategies, based on various business models, covering data distribution, Data Exchange, data sourcing, data sharing in Data Marketplace or Data Hub models.

Dawex Data Exchange Advisory relies on an specific workshop-based methodology, where Dawex advisors weave their expertise with the knowledge and vision of a small team of your organization managers. Together, in a span of weeks, they develop your organization’s Data Exchange strategy, tackling vision, use cases, business model, organization and implementation challenges.

They called for Dawex Data Exchange Advisory

Here is what they have to say about Dawex services and how it boosted their Data Exchange strategy

Build a Data Exchange vision and strategy

Dawex Data Exchange Advisory helps your organization frame its Data Exchange strategy and high level business model, by answering the following questions:

What is my organization’s business ecosystem, and its position in the value chain?
Who are the stakeholders in this ecosystem, near or distant?
What are the key issues faced by my ecosystem stakeholders?
How can data exchange help solve pain points faced by my organization and/or other stakeholders of my ecosystem?
What are the existing data exchange initiatives in my ecosystem?
Should my organization focus on data distribution, data sourcing, data sharing, orchestrating the data ecosystem, or a mix of them?

Identify use cases and data products

With Dawex experts, your organization will be able to develop a data product roadmap and prioritize use cases, by digging into a number of subjects:

What are my organization’s data assets? Are they circulating yet? What would be the effort to transform it into data products?
What are the pain points, internal to my organization or faced by other ecosystem’s stakeholders, that this data can help solve?
What are the data exchange use cases associated with these pain points?
What are the data products that need to be exchanged, shared or distributed to support these use cases?
Who are the target data acquirers for these data products? Can these data products serve several use cases or industries?
What are the priority use cases and data products that I need to implement, based on value (direct or indirect) and effort to produce?

Define your business and revenue generation models

Based on the understanding of the data exchange use cases and the strategic goals of your organization, Dawex advisors support you in defining the most appropriate business models to you by answering the following questions:

Depending on the pain point and the data acquirer profile, what is the value of each data product exchanged?
Is the data product monetizable, for example through distribution or commercialization, or does it have an indirect value such as operational improvements?
What are the priority use cases and data products to develop on the data exchange roadmap, to maximize valorization ramp up?

Install data exchange governance, compliance and organization

When dealing with data exchange, your organization should make sure the right data exchange governance is in place, and that data regulations are strictly implemented. Dawex advisors bring their expertise to help you tackle the most complex regulations and governance challenges and clarify the following issues:

How will data exchanges comply with GDPR or any other personal data regulation across the world?
Will data exchanges in my ecosystem comply with the Data Governance Act and the future Data Act?
What data exchange governance should be implemented in my data ecosystem? Should my organization operate the data exchanges under its brand, create a subsidiary or create a joint venture with partners of the ecosystem?
How to ensure value is shared between participants of the data ecosystem, thus creating a win-win environment fostering the growth of operations?

Setup Data Exchange operations and go-to-market

A successful Data Exchange strategy relies on efficient technical, business and go-to-market operations. Leveraging Dawex expertise and partners’ network, your organization will be able to successfully answer operational questions:

What is the technical architecture and infrastructure needed to operate the data exchanges?
What are the business applications and processing environments I need to interconnect with the Data Exchange Solution to support the targeted data exchange use cases?
How to ensure that the data product roadmap is supported by business and IT processes internally?
What is the most appropriate go-to-market model? Who are the target participants for my data ecosystem, and what is the value proposition I need to elaborate to onboard these participants?
What is the profile and size of the business & operations team my organization needs to set up at launch? How will it grow in the future?