Corporate Data Hub

Internal data exchange challenges in large corporations

Large corporations are complex organizations, with multiple entities often operating with a certain degree of independence and spread across different locations around the world. As such, they face several challenges when it comes to efficiently exchanging data:

Lack of trust

• Cautiousness to share “strategic data” even between departments
• Absence of flexible data contracting and licensing capabilities control, making compliance more complex with regulations and policies applying to sub-organizations.
• Subsidiaries sometime partially competing on a given market

Data and IT systems fragmentation

• Corporations comprise autonomous entities in various geographies, with different legal structures, different data regulation requirements, and different data governance processes
• Multiple heterogeneous data platforms and IT infrastructures spread across corporations lead to data silos and poor interoperability

Poor data discoverability

• Insufficient knowledge of data products, or data assets, available in other entities
• Lack of semantic tools to describe data products with pertinent sectorial ontologies

No scalability for data exchanges

• Failure of traditional data sharing means, like emails, shared folders or EDI when it comes to large scale, governed and compliant data exchanges
• Data platforms and data fabrics, focused on data processing and internal data governance, lack capabilities to govern and control data exchanges at scale with heterogeneous third party infrastructures.

These challenges result in higher data management costs, missed market opportunities, sub-optimal operations, and higher regulatory risks for corporations.

Interview of Group TF1 Chief Data & Adtech Officer on how TF1 accelerates internal data exchange with Dawex technology 

The TF1 Group has chosen Dawex Corporate Data Hub solution to create the Hub TF1, and accelerates the deployment of data use cases to enrich its internal service offering thanks to more premium data. The TF1's data community is able to discover, structure and exchange data & services securely, with trust, while retaining control over visibility, access rights and conditions of use of the data products.

François-Xavier Pierrel, Group Chief Data & Adtech Officer at the Group TF1, explains in this interview the importance of Data Exchange in the Group's digital acceleration strategy, and why the group made the choice of Dawex solution. 

Corporate Data Hub use cases and benefits

By setting up a Corporate Data Hub strategy, large organizations can unlock many use cases, and benefit from many positive impacts:

• Costs reduction: Mutualisation of data sourcing activities, rationalization of data scientist activities.
• Operational improvements: Sharing data between plants and headquarters in different regions to drive process optimizations, connecting AI agents, feeding AI models with qualitative and traceable data, driving production costs down, improving supply chain operations, and spreading best practices across the organization.
• Market efficiency: Sharing market and customer data between corporate organizations, with trust and in full compliance with regulations, to foster product innovation and boost commercial efficiency.
• Compliance risks reduction: Managing governed and controlled data transactions to comply with the European Data Governance Act, Data Act and AI Act, as well as meeting sectoral regulatory requirements.
• Achieving CSR goals: Consolidating CO2 footprint from plants, logistics and supplier activities, monitoring CSR initiatives and results.
• Industrializing reporting: Streamlining reporting from multiple sub-organizations
• Digital transformation: fostering a data product approach throughout the organizational entities, improving data assets description and discoverability, paving the way to external data exchanges in Industry Data Space or Data Marketplace modes.

Interested in building a Corporate Data Hub?

Data exchange is more and more in the agenda of organizations. To explore how to develop a thorough data exchange strategy and implement a Data Exchange Platform, get guidance from Dawex experts.