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Jan Büchel / Barbara Engels IW-Trends No. 1 19. April 2022 Data Management by Companies in Germany: An Empirical Stocktaking

Companies that exploit their own data can use it to analyse and improve their business processes and thus improve their results. Firms can also benefit from using data jointly with other companies.

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An Empirical Stocktaking
Jan Büchel / Barbara Engels IW-Trends No. 1 19. April 2022

Data Management by Companies in Germany: An Empirical Stocktaking

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German Economic Institute (IW) German Economic Institute (IW)

Companies that exploit their own data can use it to analyse and improve their business processes and thus improve their results. Firms can also benefit from using data jointly with other companies.

This leads, for example, to increased transparency and efficiency along supply chains, which makes it possible to respond flexibly to changes in processes and the market. While the advantages of data sharing seem obvious from a macroeconomic point of view, it is unclear to what extent companies themselves are aware of these benefits and use data together with other companies. Against this backdrop, a representative survey was conducted among German companies from the industrial and industry-related service provider sectors in autumn 2021. The results are also evaluated according to certain company characteristics. The study shows that 71 per cent of companies in Germany do not fulfill the requirements for efficient data management, while 73 per cent do not use data jointly with other companies. Those firms that make joint use of shared data are more likely to be receiving data than providing it. While many companies complain of insufficient economic incentives for sharing data with other enterprises, they also face daunting legal obstacles. 68 per cent of the companies surveyed say that legal barriers make data sharing difficult.

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PDF herunterladen
An Empirical Stocktaking
Jan Büchel / Barbara Engels IW-Trends No. 1 19. April 2022

Data Management by Companies in Germany: An Empirical Stocktaking

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German Economic Institute (IW) German Economic Institute (IW)

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Status Quo and Use Cases in Germany
Jan Büchel / Barbara Engels IW-Report No. 53 20. October 2022

Industry trends in data sharing: Status Quo and Use Cases in Germany

Data is generated everywhere along the value chain. Each player produces data specifically or as a by-product at various points in the production process. This data can offer significant benefits for the companies themselves and for the economy as a whole.

IW

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Jan Büchel / Hans-Peter Klös IW-Report No. 42 24. August 2022

Metaverse: Hype or "next big thing"?

Not only since the Facebook group renamed itself Meta in October 2021 has the topic of metaverse gained substantial importance. Experiences due to the corona pandemic have also spurred digital applications to a great extent.

IW

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