The use of data through advanced analysis not only helps in decision-making, but also makes it faster, better and allows you to look ahead. Insights become foresigths that accelerate innovation of products and services.
This requires advanced technologies and tools that enable the processing of as large a volume of data as possible. There are already numerous platforms or marketplace offerings and, last but not least, open data that provide an extensive range of data. But caution is called for here, because either you end up with the big data krakens, which also pursue a high self-interest, or with “unprotected” data traffic, which rightly involves a high risk.
Data protection and security as well as data sovereignty must be guaranteed in order to be able to use the advantages of large amounts of data from different sources. The reference system architecture of the International Data Spaces Association (IDS) offers a sensible solution for generating foresights from insights.