4.3.3 Data as an Economic Good

As data can be decoupled from specific hardware and software implementations, it turns into an independent economic good. While this opens up new opportunities, it creates challenges as well. To ensure competitiveness of organizations, a solution is required that facilitates new, digital business models.

The International Data Spaces offers a platform for organizations to offer and exchange data and digital services. In doing so, it offers a basic architecture for organizations that want to optimize their data value chains. The main goal is to enable participants to leverage the potential of their data within a secure and trusted business ecosystem. The International Data Spaces thereby covers the information system perspective and provides the components that enable participants to define individual business cases.

The International Data Spaces neither makes any statements on legal perspectives, nor does it restrict participants to any predefined patterns. Instead, it offers the possibility to design digital business models individually and as deemed appropriate.