In the era of digitalisation, data has emerged as a highly valuable business resource. However, it is rarely treated as consistently and transparently as other business assets.
Data Governance as the Enabler of the Data Economy
Institut der deutschen Wirtschaft (IW)
In the era of digitalisation, data has emerged as a highly valuable business resource. However, it is rarely treated as consistently and transparently as other business assets.
This restricts the access to data assets that stakeholders need to maximise their business value. Despite the growing need for a comprehensive view of data, data governance is still a black box for many organisations. The companies engaging in data governance or in related areas mostly refrain from calling it ‘data governance’ or from attaching a strategic perspective to it. Yet a clear awareness of what data governance is and how it materialises is essential for the respective organisation in order to become more data-driven and hence be able to exploit the potential of the data economy.
Barbara Engels in Intereconomics
Institut der deutschen Wirtschaft (IW)
Künstliche Intelligenz als Ersatz für Märkte und Wettbewerb?
Der entscheidende Vorteil der dezentralen sozio-ökonomischen Koordination über Märkte liegt in der Kapazität zum Aufspüren und Verarbeiten von allokationsrelevanten Informationen, die zentralen Planern fehlt.
IW
The anti‑steering provision of Article 5 (4) of the DMA: a law and economics assessment on the business model of gatekeepers and business users
Data is a success factor for digital platforms and the core of their business model. The rationale behind this is that data allows for improving the matching process between users which creates value for the platform.
IW