Fair Data Economy for Digital Service Development

Abstract

The rapid growth of explosive amounts of data and the development of new technology are causing radical changes in all industries. With the increase in data volumes and technology, new companies are born that better meet customer expectations, sustainable development goals, etc. The change does not take place only in products and services, but in supply chains and as new business models and as new customer expectations. With the development, many traditional companies lose their competitiveness. Renewal is particularly challenging for SMC companies, which have to rethink their company's operating environment (supply chains, services and business models, customers).The situation highlights the importance of data availability for company renewal. Key challenges are competence-related resources, identifying changing customer expectations, and competence.) According to Sitra's report, only about 1% of data is utilized in new business models.The key building blocks of the change are the economic issues related to the use of data (fair data economy) and the choices related to the use of data (data spaces).

Keywords: Data Space, Regional Development, Fair Data Economy

DOI: 10.54941/ahfe1004925