DEMAND – Data Economics and Management of Data Driven Business – is a flag-ship project subsidized by the Federal Ministry for Economic Affairs and Energy (BMWi). It aims to help companies effectively manage data as a resource. Cross-industry approaches for data management are being developed based on the Inter-national Data Spaces (IDS) sovereign data architecture, for instance in the areas of integration concepts, data governance, valuation, and the structured realization of data-driven business models.
The project background is that there are currently no usable information systems for data-driven business models, based on company requirements, that are able to process data in the required quantity and diversity (heterogeneity). The DEMAND project develops concrete solutions for architectures, process models, and tools that can be used in practice. Based on the IDS architecture, blueprints are being prepared for data governance and information architectures, conceived with the companies participating in the project – Advaneo GmbH, Institut der deutschen Wirtschaft e.V. (IW), thyssenkrupp, and Breuer Nachrichtentechnik GmbH – in con-crete use cases (such as condition monitoring, predictive maintenance, and other IoT scenarios).
Services provided by Fraunhofer ISST
As a scientific partner within the project consortium, Fraunhofer ISST determines the requirements, opportunities, and risks of companies in the data economy. Analyses are prepared under consideration of the latest scientific approaches with the inclu-sion of the project partners’ use cases. Structured models and methods are being created on this basis, enabling the forward-looking use of the data as a resource and thereby allowing companies to innovate their business models.
"Efficient data management is a key success factor for the digital transformation. Against this background, the scientifically substantiated insights and findings in the areas of data-driven business models and data governance as well as linking to infrastructures such as International Data Spaces, which we obtain through cooperation with Fraunhofer ISST, represent an important component for the further development of our business."
Dr. Joachim Stumpfe | Innovation Strategy and Projects | thyssenkrupp AG