UdZ / Issue 01.24

UdZ 01.24 / 43 DATAMITE: An Innovative Platform for Monetising Data The EU project 'DATAMITE' is developing solutions to the challenges of effectively using and monetizing data in today's corporate landscape. Data is collected along the entire value creation process, but it is often generated in an unstructured way. As a result, the data sets are often unsuitable as a basis for decision-making. In addition, the unstructured collection of data prevents its efficient analysis and subsequent monetization. The solutions to be developed as part of the project will accelerate data monetization in Europe's manufacturing industry. Specifically, a platform and open source tools shall be used to support European companies in collecting and analyzing data in a structured manner in order to make it usable. The platform, also called DATAMITE, is an innovative data integration platform that consolidates a large number of data sets from different sources into a single, easily accessible data set. The results of the project will be validated in three different use cases with a total of six pilot projects. These cover areas such as agriculture, energy, industry, manufacturing, and climate. The 'DATAMITE' research project started in January 2023 and is being funded by the European Commission's Horizon Europe Program for three years. With 27 cooperating partners from 13 countries, the project unlocks the innovative strength of the whole of Europe. Overall, the DATAMITE platform will be an innovative solution for companies that want to use and manage their data more effectively. The platform will offer numerous functions and tools to automate data analysis and processing, ensure data quality, and store data securely. By using DATAMITE, companies will be able to make better decisions, minimize risks, gain valuable insights into their business data, and secure competitive advantages. >

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