Data spaces make it possible to use data collaboratively. It is much easier to share and process data via a data space than to coordinate it on a case-by-case basis each time you exchange data with another party. Why is that? When working in a data space, the technological and legal coordination process happens just once and for all and is then used as a standard for every subsequent action – and by all participants. Data spaces are therefore much more than “places” for the shared use of data. They are becoming increasingly relevant open data hubs for leveraging decentralised data. Things get much more commercially interesting when these kinds of data spaces can be interlinked – and not just between manufacturer and customer. Catena-X is the best-known example of this approach to date. This European and international active ecosystem for the entire supply chain in the automotive sector is ready to go and already in the implementation phase. So what practical benefit does it bring? If we take traceability as a use case, we can see the benefits straight away. Value creation for an automobile starts with the concept design for the product and ends with the scrappage of all its parts. Between these two points come development, production, logistics, sale, utilisation, countless repairs, and reuse and recycling. At present, it is usually just direct business partners who will be in contact with each other during each of these process steps. Nobody – so far – logs information throughout the entire life cycle. This makes it more difficult to act promptly, particularly when quality issues arise or recall campaigns are required.
The magazine of Friedhelm Loh Group
The magazine of Friedhelm Loh Group