The first DATAMITE newsletter is out!
Welcome to the DATAMITE Newsletter. As part of our commitment to open science and the dissemination of project progress, at DATAMITE we will publish a quarterly newsletter. In the newsletter, readers will find the progress of our use cases and of the development of our platform, the most outstanding news, the presence of DATAMITE in the most relevant events and conferences in the sector, and much more!
You can find it in our Zenodo repository, together with all public content of the project. And to not miss any update, subscribe to our newsletter here.
Enjoy your reading!
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Project cluster: HORIZON-CL4-2022-DATA-01-04
One of the main intentions of DATAMITE is to harness the multiplier capacity of initiatives advocating for the data economy. The more the merrier. That is why the project leverages the consortium’s leadership and participation in active ecosystems to create synergies, bridging the collaboration across the data value chain.
DATAMITE exploits the leading position of the consortium to nurture strategic synergies, creating visibility and fostering adoption of the open-source modules among the major EU ecosystems. Rather than building a small-scale silo, the project addresses and influences well-established communities. Special attention to build technical and promotional synergies with the project cluster under the same topic: HORIZON-CL4-2022-DATA-01-04: Technologies and solutions for data trading, monetizing, exchange and interoperability (AI, Data and Robotics Partnership).
FAME: Federated decentralized trusted dAta Marketplace for Embedded finance
FAME [Federated decentralized trusted dAta Marketplace for Embedded finance], is a joint effort of world-class experts in data management, data technologies, the data economy, and digital finance to develop, deploy and launch to the global market a unique, trustworthy, energy-efficient, and secure federated data marketplace for Embedded Finance (EmFi). The FAME marketplace will alleviate the proclaimed limitations of centralized cloud marketplaces towards demonstrating the full potential of the data economy.
FAME will become operational in a federated cloud environment with multiple providers of EmFi data assets, including datasets, AI/ML models, and more. It will become interconnected with more than 12 data marketplaces that will support the implementation of 7 pilots. Furthermore, FAME will establish a Learning Center (LC) for tech and non-tech users, as this is a key prerequisite for unlocking the potential of the data economy.
PISTIS: Promoting and Incentivising Federated, Trusted, and Fair Sharing and Trading of Interoperable Data ASsets
PISTIS [Promoting and Incentivising Federated, Trusted, and Fair Sharing and Trading of Interoperable Data ASsets] brings forward a reference federated data sharing/trading and monetisation platform for secure, trusted and controlled exchange and usage of proprietary data assets and data-driven intelligence. PISTIS will advance the available techniques and technologies, such as federated data discovery and sharing, DLTs, data non-fungible tokens (NFTs), AI-driven data quality assessment and monetisation, to build trust among stakeholders and assuage their concerns. Such stakeholders will formulate a distributed network of existing and new data spaces with built-in governance brought by PISTIS to eliminate silos while accruing the actual data value and multiplying it through derivative assets in a fair and transparent manner.
UPCAST: Universal Platform Components for Safe Fair Interoperable Data Exchange, Monetisation and Trading
UPCAST [Universal Platform Components for Safe Fair Interoperable Data Exchange, Monetisation and Trading] provides a set of universal, trustworthy, transparent and user-friendly data market plugins for the automation of data sharing and processing agreements between businesses, public administrations and citizens. Their plugins will enable actors in the common European data spaces to design and deploy data exchange and trading operations guaranteeing automatic negotiation of agreement terms, dynamic fair pricing, improved data-asset discovery, privacy, commercial and administrative confidentiality requirements, low environmental footprint, as well as ensuring compliance with relevant legislation and ethical and responsibility guidelines.
Four real-world pilots across Europe will operationalise a set of working platform plugins for data sharing, monetisation and trading, deployable across a variety of different data marketplaces and platforms, ensuring digital autonomy of data providers, brokers, users and data subjects, and enabling interoperability within European data spaces.
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How will we contribute to the EU Year of skills?
Following the announcement by President Ursula von der Leyen in her last State of the Union speech, 2023 is the European Year of Skills. The main objective of this year is to help companies, in particular small and medium enterprises (SMEs), to address skills shortages in the EU. As the European Commission highlights, having a workforce with the skills that are in demand contributes to sustainable growth, leads to more innovation and improves companies' competitiveness.
In the current world, characterized by concern for the environment and the digital revolution of the industry impacting all economic sectors, the twin transition (green and digital) opens unprecedented opportunities for people and the EU economy. DATAMITE, well aware of the need to improve society digital skills will contribute to upskill on technical and business aspects thanks to the multiple open-source training materials the project will generate.
The Digital Economy and Society Index shows that 4 out of 10 adults and every third person who works in Europe lack basic digital skills. This represents a huge loss of workforce and therefore a loss for the European economy. The European Year of Skills is part of the Europe’ Digital Decade (2020 - 2030) and the 2030 Digital Compass, which targets of at least 80% of adults with basic digital skills and 20 million employed ICT specialists in the EU. DATAMITE has as its core to improve users digital skills to facilitate the monetisation of the European enterprises and public administrations’ data.
DATAMITE delivers a modular, open-source and multi-domain Framework, to improve Data Monetizing, Interoperability, Trading and Exchange, in the form of software modules, training and business materials for European companies, empowering them to become new relevant players in the data economy. According to the 2030 Digital Compass, 75% of EU companies should use Cloud, AI, and/or Big Data by the end of the decade. DATAMITE’s framework is designed to overcome these challenges helping the European companies to unleash the monetization potential of their data by developing a set of key modules:
- Data Governance.
- Quality.
- Security.
- Sharing.
- Supporting Tools.
DATAMITE will contribute to improve European digital skills and the European high-tech business potential by unleashing the monetisation potential of Big Data at two levels: internal and external. At an internal level, users have tools to improve the quality management of their data, the adherence to FAIR (Findable, Accessible, Interoperable, Reusable) principles, and can upskill on technical and business aspects.
At an external level, keeping users in control of their data provides new sources of revenue and interaction with other stakeholders. In addition, the architecture envisioned for DATAMITE enables DIHs sandboxing, becoming a potential instructor on their onboarding of SMEs and low-tech SMEs into the data economy.
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DATAMITE is in ZENODO!
DATAMITE has data sharing in its DNA! DATAMITE develops a modular open-source framework targeted at organisations of any size, letting them use only specific modules they need and focusing on maximising their compatibility and ease of integration with any system already in place. In addition, DATAMITE produces high quality training material allowing a fast uptake of the framework and upskilled users as well as a strong open-source community that supports newcomers.
Consequently, and to make not only the results, but the entire process accessible to everyone, DATAMITE uses Zenodo repository, which contains all information and data pertaining to the development of the project. Zenodo is used as a trusted repository where third parties have access to all public datasets thanks to a Digital Object Identifier (DOI) which make them easily fundable. The intention is to keep all Open Access data stored in Zenodo accessible for an indefinite time.
Go visit DATAMITE’s Zenodo repository! If you want to always stay updated about our project, follow us on Twitter and LinkedIn!