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Oct 29, 2021
We’re seeing a clear policy trend towards enabling data-driven innovation recognizing that pening data up for reuse and sharing is key to getting value from data. Data sharing and reuse can be internal (e.g. within an organization) or external (e.g. with researchers).
The Value of Data, a joint report by the Bennett Institute, ODI and Nuffield Foundation, stated that “value comes from data being brought together, and that requires organizations to let others use the data they hold.” However, data sharing and reuse raises challenges for ensuring trust, privacy and complying with data protection law.
Organizations often struggle with this in the context of their data analytics projects. Using data for analytics can provide business insights, help with product development, increase efficiency and more. This blog analyzes recent policy developments and charts a route to data, helping organizations to reap the benefits of safe data sharing.
Over the last year, lawmakers in the UK and EU have demonstrated their clear ambition to make data more available for reuse. We’ve seen a number of new initiatives to promote, or require, safe data sharing.
Starting with the UK, we’re tracking:
The European Commission has also been active. We’ve seen progress on:
Organizations holding data are often unsure about what data they can share, for what purposes, with who and under what conditions. This lack of confidence is a key barrier to data sharing. The initiatives listed above help to create a clear framework and to provide guidance on difficult topics, including on anonymization, to build confidence.
How can organizations use that framework and guidance to deliver data sharing in practice? Effective data sharing requires data to be findable, in other words data consumers can easily see what data is available to them, and requires robust governance processes to ensure that data consumers only access data that is safe to use.
We’re seeing three main approaches to these challenges in practice:
We’re following all three approaches closely and have incorporated them into our new data provisioning platform.
Our team of data security and privacy experts are here to answer your questions and discuss how modern data provisioning can fuel business growth.