ADVANEO Data Marketplace
“Access to the world of data”
For us, this means opening up broad access to existing data sources. We do not create another proprietary data silo.
Our vision is characterised by two concepts:
Data sovereignty and sustainability
We regard the sovereign right over one’s own data (data sovereignty) as a fundamental right of every human being. Therefore, we have developed a decentralized solution that gives a user full control over their data at any time.
By simultaneously offering open as well as commercial data from all industries, we want to create a sustainable portal as a place for innovation.
For us, sustainability means a future proof system – both technologically and financially. But also, ecologically through minimal use of resources and the promotion of innovations.
The data provider offers data records from their database on the data marketplace. These data records are represented on the marketplace by the metadata chosen by the data provider. (The raw data remains with the data provider!)
The data marketplace serves as a data catalogue for the metadata provided by the data provider. In addition, it functions as a secure trading portal and offers functions for data processing and administration.
The data user searches for relevant data on the data marketplace using the metadata entries. After selecting the offer, the user receives the raw data directly, peer to peer, from the data source of the data provider.
We are convinced that in the age of Artificial Intelligence and Industry 4.0, providing the most open possible access to data for all users serves as the basis for innovation and progress. This starts with you as an interested private individual and leads to your business enterprise, which wants to monetise its own data or use external data for new insights.
Use open data to open up new perspectives and lift your data project to the next level. In the sense of free access to data as a democratic basis for innovations, we see open data as a core aspect of our offering. This is why we already combine almost 2 million open data records from over 8000 unique providers. The number of data records is constantly increasing.
In order to guarantee your data sovereignty, the data marketplace has been developed as a decentralized portal. This means that all relevant and possibly sensitive raw data always remain with the data provider and only is transferred directly – peer to peer – to the buyer in the event of a purchase. The data marketplace only stores the data descriptions (metadata) and has no access to your raw data at any time.
Innovations often take place at the edges – therefore new apps, disruptive, data-driven business models or innovative data products also require raw data from different industries and subject areas. For this reason, the ADVANEO data marketplace is cross-domain.
The data marketplace gives you the opportunity to create new values from your existing data. It does not matter what type of data is involved: Whether databases filled with sensor data of your machines or other IoT data, specially trained AI models, ERP or CRM databases, log files, etc… . It doesn’t matter what kind of data you use.
In order to offer a holistic solution for your data project, we directly provide you with online tools for interacting with your data. Experienced users can use the integrated Data-Science-Workbench with the programming language of their choice. As Citizen Data Scientists, you have tools for rapid data analysis and automatic visualisation at your disposal
Data Security
The security at various data levels and the necessary transmission paths is guaranteed at all times.
Data Sovereignty
Full data sovereignty: In this model, the originator remains in full control over the usage of their data at all times.
The necessary tools are provided to establish a defined data management with the necessary control mechanisms.
ADVANEO is part of the International Data Spaces Association (IDSA). The IDSA is an initiative with the aim to create a trustworthy architecture for a data economy based on common and federal European values through joint research between science and business. The data marketplace is one of the first data portals worldwide based on the IDS reference architecture.
The IDSA concept for the secure exchange of (industrial) data is analogous to the Internet on the basis of peer-to-peer communication. It provides a reference architecture, a formal standard and reference implementations. It is not a platform.
The IDSA specification forms the basis for data ecosystems, data marketplaces and corporate networks.
The IDSA is non-profit and has a steadily growing number of currently around 100 members from 19 countries (EU plus Brazil, China, India, Japan, Canada and the USA) as well as formal cooperation with international initiatives (Platform Industry 4.0, IIC, IVI, DTA, RRI, OPC-F, Fiware, DMA, iShare).
