PiSTiS

Promoting and incentivising Federated, Trusted, and fair sharing and trading of interoperable data assets

In the era of data-driven organizations, there has been a paradigm shift in viewing data as a valuable asset rather than just exhaust from information systems. However, despite the exponential growth of data production, its full potential is often underutilized, with around 80% of industrial data not effectively used. Data sharing has become essential for AI and driving insights in the digital economy, leading to the adoption of legislative acts and the emergence of data spaces. However, data sharing faces challenges such as technical, cultural, economic, and legal barriers. Organizations tend to focus on collecting and analyzing their own data rather than sharing it. Data quality, interoperability, and accessibility pose additional challenges. Data consumers struggle to find and access relevant data. Data sharing contracts and intellectual property rights also complicate the process. Current economic practices struggle to measure the value of data accurately. The PISTIS solution aims to address these challenges by providing a federated data sharing and monetization platform that builds trust among stakeholders, eliminates data silos, and creates fair and transparent data markets. The platform focuses on data management, interoperability, governance, secure data sharing, data valuation, and monetization. By establishing appropriate methods and technical foundations, PISTIS aims to unlock the untapped potential of data assets and facilitate collaboration, innovation, and value creation in the data ecosystem.