The role of marketplaces in data economy: Helping to share

We all need a helping hand sometimes. We cannot be experts in everything – this is especially true in the new and rapidly changing world of data economcy, data sharing and data sovereignty. Companies that want to become participants in a data space (build on the IDS Reference Architecture Model ) at times do not have the technical infrastructure needed. If the technical requirements present an obstacle, transferring the data to a service provider is an excellent option. The service provider makes infrastructure available and acts as an intermediary between data provider and data space. It acts like a marketplace where data customers can meet data providers.

On the AI Marketplace, we are exploring the potential business of the different support options with the support of our partner International Data Spaces Association.

Different scenarios for the collaboration are possible.

Option 1: One connector for all customers

The marketplace hosts one IDS Connector which is the gateway to the data space for all customers. The customer who owns data can use this connector to transfer data to a consumer. The customer can also use the same connector to consume data of others in the data space. All customer data is uploaded to the marketplace via standard interfaces.

To ensure data sovereignty for its customers, the marketplace must offer a way to handle and maintain the usage constraints of each customer for all data sets. These constraints are negotiated between the marketplace connector and the connector of a potential consumer from the data space. Only with a full agreement a digital contract is made, and data can flow.

Option 2: One connector for each customer

The marketplace interacts with its customers via standard interfaces, as in the first option above. The difference is that the marketplace hosts an individual connector for each customer, configured for the client’s needs and therefore having its own (custom) identity.

Option 3: Connector-as-a-Service for each customer

In this case, the customer is a direct participant of the data space with a Connector-as-a-Service (CaaS). This connector can be provided by the marketplace or any other service provider who takes care of deployment and configuration of a connector for the customer. Data is no longer shared with the marketplace, but directly via the connector of the customer with a connector of a consumer. Usage policies for customer data are defined and maintained directly in the customer connector.

If you would like to explore the AI Marketplace and its dataspace, follow the link below.

Explore the AI Marketplace

You may also be interested in

Sustainability and engineering – how do they go together?

In the AI Marketplace, we are showing levers for more sustainable engineering with a new campaign.

Trends and Standards for AI – AI Day shows how it's done

By 2025, 13 percent of Germany's gross domestic product will be generated with services and products based on the use of artificial intelligence (AI). This means that AI has enormous potential for economic growth and increased productivity in product development. How AI can enrich engineering was the topic at the AI Day of the AI Marketplace.

Blick auf Hallengelände der SmartFactoryOWL mit Demonstratoren

AI from first idea to operation and service – East Westphalia-Lippe region has it all

Artificial intelligence has long been more than a trend and is increasingly being used in entrepreneurial practice – also in the East Westphalia-Lippe region, Germany. Here, the two initiatives AI …

Data Governance – Get Control of Your Data

The Data Governance Check of the AI Marketplace provides a straightforward introduction to data management and helps your company assess its current state in this regard.

Review Hannover Messe: great feedback for the AI Marketplace

The industry of the future was showcased by 24 companies and research institutions at the OWL joint booth at the Hannover Messe. Also represented was the AI Marketplace.

Frau mit Laptop sitzt neben Roboter und Hologrammen

Excuse me, are you ready for AI yet?

The AI Readiness Check offers companies an uncomplicated assessment of their own AI maturity level as well as initial recommendations for action.

Hinterland Hack brings new ideas for the AI Marketplace

Seven companies, over 60 participants, 48 hours of hacking and 5,000 euros for the winning team – that's the Hinterland Hack 2021 in a nutshell. Also there as a challenge owner – the AI Marketplace.

AI in product creation – what does current research say?

Where is artificial intelligence used in product creation and where is it suitable to work with data-centric methods? By analyzing 40 existing studies and 94 case studies on the topic …

FIWARE Whitepaper: AI Marketplace as a showcase for Digital Transformation

A white paper of our partner FIWARE Foundation focusses on the role played by artificial intelligence (AI) in shaping the future experience of Smart Cities. It also showcases projects such as the AI Marketplace and how they are introducing the relevant framework for the creation of data spaces.

Talking with… Christoph Mertens

In the AI Marketplace, we attach great importance to the topic of data security and therefore rely on certified standards, which at the same time form the basis for fair cooperation. Find out what this looks like in practice in the interview with Christoph Mertens, Head of Adoption at IDSA.

Talking with… Alain Pfouga

How can AI improve the efficiency and effectiveness of product development processes? What added value will companies derive from the AI marketplace? And what does prostep ivip e.V. have to do with it? Dr. Alain Pfouga, Rachel Bauer and Nora Tazir answer questions in this interview.