To participate effectively in value ecosystems or horizontal value networks, CEOs and their companies – with CIOs and CDOs playing lead roles – are going to have to figure out some baseline rules around data, though. Data is the element with the power to transfigure and innovate, but rules around data sharing and ownership during projects under construction are ambiguous to say the least.
Copyright rules and EU legal systems do not protect ownership of data, but historically have focussed on intellectual property of actual products or items. This gaping legal hole has to be plugged if manufacturers, designers and other creators are to be encouraged onto networks and digital platforms that share data and create new products and services collectively.
Several recent articles on BVEx have highlighted these gaps around data sharing and ownership, including delegates’ feedback and concerns at the recent Economist roundtable on connected manufacturing. Johannes Diemer, Industry 4.0 consultant at DXC Technology, also flags up the vital work being spearheaded by Industrial Data Space on data protection within new spheres of innovation.
At the same time, a new report from innovation consultancy Happen, flags the urgency of addressing current deficiencies. According to its research, a majority of C-suite leaders (86%) admit production capabilities [vertical integration] are often not considered when it comes to new product development and innovation. If business leaders are to focus instead on the value ecosystem basket, then data ownership rules need to be sorted, and fast.
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Author: Helen Beckett
Helen Beckett is the Community Manager of the Business Value Exchange. She has been a writer and editor for over 20 years and takes a particular interest in the challenges facing the CIO in today’s business climate.