On April 27, ADVANEO, an IT company in the field of consulting and implementing digital transformation, will officially present a newly developed data marketplace. This follows an intensive test phase of almost three years for a data marketplace offering that clearly stands out from others: the focus is on absolute data sovereignty, which is guaranteed to all participants in the marketplace. The ADVANEO Data Marketplace offers the possibility to purchase, sell, or exchange data assets of any kind. In addition, with nearly 2 million open datasets that are continuously updated and expanded, it provides a unique repository for research and further use.
The ADVANEO datamarketplace 1.0 now being presented is thus a secure portal for trading data – a practice that is becoming increasingly important with advancing digitalization, especially for new partnerships and the development of new business models. The rapidly evolving collaboration that is currently emerging, for example in the search for COVID-19 vaccines, impressively demonstrates the need for such portals. Several companies can set up closed data spaces for joint use or exchange to enrich their own data assets, derive new insights, or drive innovation.
Unlike other cloud and marketplace offerings, Marketplace 1.0 never meets the raw data, which remains under the sovereignty of the providers. Only metadata, i.e., descriptive information, is displayed, making offerings discoverable worldwide for interested parties. Data offerings come with usage rights and obligations. The transfer of the original data takes place only after a successful transaction, encrypted via certified transmission software.
The marketplace uses metadata and is open to all common data formats. Numerous categories such as IoT, production, or environmental data have already been incorporated for fast searching and finding. At the same time, around 2 million open datasets from nearly a thousand international sources, e.g., www.europeandataportal.eu or www.data.gov are currently freely available. Using the Data Science Workbench, the data can be analyzed and visualized directly in the web application.
ADVANEO datamarketplace 1.0 stands out as a resource-efficient and sustainable solution thanks to its decentralized approach; i.e., raw data remains with the provider, avoiding the need to use large server farms. Collaboration with a data center that operates all applications using green electricity also supports the expansion of renewable energies.
Finally, an adaptable infrastructure, various interfaces, and tools enable datathons as well as virtually executed hackathons to kick-start the development of new data-driven applications.
