Data Markets for Sustainable Cities

To make full use of data, we need to adapt a new kind of approach and eliminate barriers that limit data sharing. The DataMust project explores a new concept of decentralized and local data marketplace and incentive mechanisms as a solution to the situation.
The concept is based on a cell-based structure, which allows market players to bring their data solutions initially only to their trusted players. This way, data can be shared and processed locally for higher degree of control and transparency for the involved parties. As the trust grows, larger entities can be built from the marketplace cells, and data can be made more widely available step by step. Modular thinking also helps in the productization of data.
The new type of marketplace encourages data sharing also by automating data creation and processing. Edge computing, artificial intelligence and digital twins offer some means to this, producing timely and optimally granular data for different actors in the society. This lowers the costs of data solutions, as well as the threshold for introducing products to the market.