11/05/2022
Recently, there was an outcry among the companies and organisations involved in Gaia-X. It seems that certain funding projects will not be provided after all. It seems that certain funding projects will not be provided with funds after all, contrary to what was originally planned. Unfortunately, the headlines of quite respectable media referred to Gaia-X itself and not to the actually affected, selected funding projects. This caused a lot of confusion and left a lot of room for critics.
Initiatives like Gaia-X in particular are necessary to maintain Europe's capacity for innovation and to secure a place for our economy at the table of the world digital market. Gaia-X lays the foundations for an open, transparent and secure federated digital ecosystem - and with it we create the basis for sustainable, fair value creation based on data and digital services. Without having to fear a loss of control over our values and without the risk of being taken advantage of through our own openness.
In an article, McKinsey describes the characteristics of a data-driven company for 2025 with the clear advice: Wake up! 2025 is not far away! And McKinsey also makes a clear statement about data ecosystems, such as those made possible by the concepts of Gaia-X or IDSA, among others: In 2025, membership in a data ecosystem will be the new norm for companies.
Gartner, on the other hand, expects companies that actively promote data sharing to be ahead of their competitors as early as 2023. At the same time, Gartner also recognises glaring deficiencies in companies: Many will find it difficult to recover their data treasures within their own organisation - the most important prerequisite for data sharing.
The reason is quite simple: companies have understood by now that data means value in the company, but they are not yet in a position to understand this data as a product in the value chain and to process it accordingly.
This is exacerbated by the fact that a culture of data protection has arisen in companies due to legal requirements. Protecting one's own data is justified, but at the same time it impairs the view of the possible potential. Here, well-rehearsed behaviour patterns must be broken down and space created for new thinking.
In order to be able to tap into the opportunities inherent in one's own data in the future, the following steps are essential in our view:
- Analyse and document existing data treasures - you need transparency about the opportunities that exist in the company.
- Identify potential consumers of the data - within the company and beyond.
- Design the overarching use case / business case - Who needs which data, in what quality, at what time? What other added values can be generated on the basis of my data in the company or beyond?
- Build the data value chain: What will the "production line" for your data look like? How will the data be efficiently collected, transformed, processed, made available and quality assured?
- Use data spaces, data marketplaces and sharing communities such as the Mobility Data Space or Catena-X to extract further potential from your data.
The IT and automotive experts:
The msg Group has in-depth IT and industry know-how. Experts in the field of Gaia-X help you to take these steps with tried-and-tested consulting models and support you in the technical implementation.
Sources: mckinsey.com | gartner.com