Are you developing policies and process to share large amounts of data between lots of different organisations? If you want to reduce costs, comply with relevant legislation, and make sure that everyone’s needs are met you will need novel ways to do this. The old way is experiencing significant difficulties.
How to increase responsible data sharing is one of the most significant questions of the 21st century. Access to rich datasets benefits economies and societies by facilitating not only timely and well-informed policies and decisions, but also the development of new and improved data-based products and services. Data Foundations, as one of the new types of Data Institutions, offer some unique qualities which create the opportunity for a cost-effective and trustworthy mechanism for multiple data providers to share more data, even if they are competitors. They use specific design principles offering a data governance model which includes independent oversight, a rulebook, and the ability to represent data subjects in collective decision-making regarding the data.