What are the Common European Data Spaces and what benefits can they bring to citizens and companies?

Data Commons are platforms that allow organizations to share and access large volumes of data in a secure and controlled manner. These spaces are designed to facilitate data interoperability between different sectors and countries.

The European Commission has launched an ambitious initiative to create common data spaces on the continent, with the aim of boosting innovation, improving competitiveness and ensuring a robust and equitable digital economy.

“ Data is reshaping the way we produce, consume and live .” From real-time navigation to improving personalized medicine, precision agriculture or reducing CO2 emissions, data is a key ingredient for innovative products and services,” they say from Europe.

Together, data spaces will gradually be interconnected to form the single data market , they explain.

But what are these data spaces and how can they benefit your company?

What are the common European data spaces?

European common data spaces are environments where companies, institutions and citizens can share and access data securely and reliably . These spaces are designed to foster cross-sector collaboration, enable new business opportunities and accelerate digital transformation in the European Union.

Thus, “to harness the value of data for the benefit of the European economy and society”, the European Data Strategy of February 2020 set the path towards the creation of common European data spaces in a number of strategic areas: health , agriculture, manufacturing industry, energy, mobility, finance, public administration, cultural heritage…

Common European data spaces and the media

Over time, data spaces have also emerged in other important areas, such as the media.

An example of this is TEMS—acronym for Trusted European Media data Space— , a joint initiative of 42 organizations representing hundreds of actors from 12 countries in the cultural and creative sectors, and aims to conceive and implement a common data space. for the entire media sector in Europe.

Its mission to build a resilient data-driven ecosystem for the audiovisual and media sector.

Specifically, TEMS aims to support the economic development and future growth of local and regional media ecosystems across Europe, leading the way for large-scale deployment of cutting-edge services, infrastructure and platforms . It will also address the fight against misinformation, the analysis of audience data, the improvement of data flows in audiovisual production and supporting the adoption of artificial intelligence and virtual reality technologies in the sector.

The initiative, of which the communication and technology group Henneo is a part as the main and only representative of the European sector of press publishers , has the support of the Digital Europe Program (DIGITAL), of the European Commission, and is an element central in the implementation of the European Data Strategy.

The project, in the part corresponding to press editors, will be carried out mainly by Hiberus, the Group’s technology company , and Alayans , the alliance led by Henneo and made up of fifteen publishing groups that share technology and data to thus offer a better service to the advertisers and publishers. Hiberus , on the other hand, has already participated for some time in the GAIA-X data spaces of the tourism and health sectors.

Key Features of Data Commons

  1. Interoperability – European data spaces facilitate interoperability between different systems and sectors, allowing data to flow frictionlessly. This is crucial to realizing the full potential of data in everything from health to energy.
  2. Security and privacy : one of the pillars of these spaces is the guarantee that data is handled securely and respectful of the privacy of users, complying with the General Data Protection Regulation (GDPR).
  3. Equitable access – Equitable access to data is promoted for businesses of all sizes, avoiding monopolies and ensuring that small and medium-sized businesses (SMEs) can also benefit.
  4. Innovation : By facilitating access to large volumes of data, new possibilities are opened for innovation and the development of more advanced and personalized products and services.

Benefits for companies

  • Improving competitiveness – By accessing shared data, companies can improve their processes, reduce costs and increase efficiency. This is especially beneficial for SMBs, which often do not have the resources to generate large volumes of data independently.
  • New business opportunities : data spaces make it possible to identify new market opportunities and develop innovative products and services based on real and accurate data.
  • Greater transparency and trust : Participation in European data spaces encourages greater transparency in the handling of information, which in turn increases the trust of consumers and business partners.
  • Sectoral collaboration : they facilitate collaboration between different sectors and disciplines, allowing the development of holistic and multidimensional solutions to complex problems.
  • Simplified regulatory compliance – By operating within a common regulatory framework and with standardized tools, companies can ensure they comply with all applicable regulations, reducing legal and financial risks.

Some examples that are working

The health sector can be one of the biggest beneficiaries , with hospitals and research centers that can share data to improve diagnoses, develop personalized treatments and accelerate research into rare diseases.

Also the industry: Manufacturing companies can optimize their supply chains and production processes by sharing data on demand, logistics and predictive maintenance.

Likewise, energy companies can collaborate to better manage the electrical grid, integrate renewable energy and develop energy efficiency solutions.

As highlighted by the governments involved, European data common spaces represent a significant opportunity for companies to integrate into an advanced digital economy , maximize the value of their data and contribute to a more innovative and competitive Europe. Early adoption of these initiatives can be key to obtaining a competitive advantage in the global market, they say.

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