Foster innovation, optimize operations and share data products with your data ecosystem
An industry data hub is a data ecosystem where several partner organizations decide to share or exchange data products for common business or industrial objectives.
The data assets that the participant organizations own have a collective value as they can, if exchanged, improve business and industrial operations.
Data products can be shared as free commercial data through collective agreements, or commercialized as in a data marketplace model. Data providers can control their data products visibility and access rights, at all times.
An industry data hub generally includes vertical business applications and processing environments that can easily interoperate with the Dawex Data Exchange technology.
The purposes of an industry or business Data Hub can be manifold, including for example:
The benefits of an industry data hub are mainly operational for the participants, with significant impacts on operations and sales efficiency. Additionally, a data hub orchestrator can establish a profitable business model to cover the cost of operations, and create a data marketplace sub-model to provide direct revenues to the participants.
The orchestrator is the legal entity that manages the industry data hub, including participants’ recruitment, onboarding and vetting. It sets the business model regulating the platform, enforces compliance, security and trust policies, manages operations and monitoring.
Data providers and data acquirers are partner organizations of the industry Data Hub, that agree to the governance rules and exchange data products based on predefined use cases.
Depending on the industry data hub model, any type of organizations can participate such as suppliers, customers, service providers, logisticians, public organizations, shareholders, consulting or financial institutions.
From industry-specific to business-focused data exchanges, our community of clients leverages Dawex Data Exchange technology to meet their respective objectives.
Your organization’s needs and requirements may evolve over time and you might want to mix an industry data hub with another data exchange model.
Discover other data exchange models powered by Dawex Data Exchange technology and learn more about data marketplace, data shop or corporate data hub.