Studies have shown that up to 95% of organisations suffer from the data decision gap. Similarly, reports state that between 60% and 73% of data is never used for analytics or that only 32% of companies can achieve tangible and measurable value from data. The impact is unmeasurable, as companies are losing the opportunity to better understand their customers, make better pricing decisions, or even avoid fraud.
DATAMITE empowers European companies by delivering a modular, open-source, and multi-domain framework to improve DATA Monetizing, Interoperability, Trading and Exchange, in software modules, training, and business materials.
The DATAMITE project develops a simple but impactful technical framework that enables European enterprises and public administrations to overcome existing challenges and facilitate the monetisation of their data. The core objectives consist of helping users to better monetise, govern and enhance the trust of their data by developing a set of key modules: Data Governance, Quality, Security, Sharing & Supporting Tools. Interoperability with current leading storage technologies is achieved by building them on top of existing open-source components.
DATAMITE will validate the results in 3 different use cases with a total of 6 pilots, demonstrating that the framework is interoperable and usable in different domains and user needs, such as 1) Intra-corporate, multi-domain data exchange; 2) Data trading among Data Spaces; 3) Integration with other initiatives as Data Markets, EU AI-on-demand platform, or DIHs. Sectors covered by the pilots are agriculture, energy, industrial and manufacturing, and climate.
To achieve this, the project relies on a consortium of 27 partners from 13 countries, bringing together key actors of the Data Value Chain: Data Spaces technical and business stakeholders, multiple key communities, key experts in Legal and SSH aspects to guarantee legal and societal compliance, and facilitators on open-source community building and standardisation activities to accelerate the transfer to the market.