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INNOVATION
Maturity model of organisational integrability of data monetisation strategies
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Market Maturity: Exploring
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Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as addressing the needs of existing markets and existing customers. Learn more
Go to Market needs
Needs that, if addressed, can increase the chances this innovation gets to (or closer to) the market incude:
  • Scale-up market opportunities
Location of Key Innovators developing this innovation
Key Innovators
UN Sustainable Development Goals(SDG)
This innovation contributes to the following SDG(s)
SUSTAINABLE DEVELOPMENT GOAL 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The UN explains: "Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty."

SUSTAINABLE DEVELOPMENT GOAL 9
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

The UN explains: "Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure."

SUSTAINABLE DEVELOPMENT GOAL 12
Ensure sustainable consumption and production patterns

The UN explains: "Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Its implementation helps to achieve overall development plans, reduce future economic, environmental and social costs, strengthen economic competitiveness and reduce poverty.

The EU-funded Research Project
This innovation was developed under the Horizon Europe project DATAMITE with an end date of 31/12/2025
  • Read more about this project on CORDIS
Description of Project DATAMITE
DATAMITE empowers European companies by delivering 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. DATAMITE unleashes the monetization potential at two levels. At internal level, users will have tools to improve quality management of their data, the adherence to FAIR principles, and will be able to upskill on technical and business aspects thanks to the multiple open-source training materials the project will generate. Therefore, data will become trustable and more reliable also in other paradigms like AI. At external level, keeping users in control of their data will provide new sources of revenue and interaction with other stakeholders. 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. Together, DATAMITE’s solutions will function as a catalyst to boost data monetization in the European productive fabric. DATAMITE will validate the results in 3 different use cases with a total of 6 pilots, demonstrating that the Framework is interoperable and usable in different domains and user needs, as: 1) Intra-corporate, multi-domain data exchange; 2) Data trading among Data Spaces; 3) Integration with other initiatives as Data Markets, EU AI-on-demand platform, or DIHs. Sectors covered by the pilots are: agriculture, energy, industrial and manufacturing, and climate. To achieve this, the project relies on a consortium of 27 partners from 13 countries, bringing together key actors of the Data Value Chain: Data Spaces technical and business stakeholders, multiple key communities (IDSA, Gaia-X, EUHUBS4DATA, AI4EUROPE, EOSC), key experts in Legal and SSH aspects to guarantee legal and societal compliance, and facilitators on open-source community building and standardisation activities to accelerate the transfer to the market.

Innnovation Radar's analysis of this innovation is based on data collected on 19/09/2024.
The unique id of this innovation in the European Commission's IT systems is: 129063