Bosch: Economic concepts and technologies for sharing industrial data in data ecosystems
In order to maintain and expand their competitive advantage, industrial companies must continuously adapt their business model to changing market requirements, legal frameworks and advances in technological innovation. Data is playing an increasingly important role as a (strategic) resource in this process. Every day, 2.5 million terabytes of data are generated worldwide, of which approximately 1.5 million terabytes are generated in industry. This data is an important source for increasing operational efficiency, for innovative digital services and for closer customer interaction. However, companies will not be able to take advantage of these opportunities if the data remains in isolated silos. Rather, data unfolds its value when it is used, not only within the company, but also beyond, in the customer-supplier relationship or in business ecosystems.