South Savo Data Economy Accelerator
– Shared Data as a Joint Success Factor (DAME)
The project compiles a situational analysis of the data economy in South Savo based on survey and research and implements practical trials in various sectors. Additionally, the project plans support services for the data economy for businesses and organizations in South Savo and builds a data economy value network in collaboration with regional actors.
Data is one of the most valuable raw materials of the future and a key driver of innovation
Background
The potential of the data economy in Finland alone is estimated to be several billion euros per year. In the data economy, market participants work in a shared environment, advancing data availability, utilizing data, and creating new services and markets based on it.
Embracing the data economy in a single company can be challenging, as implementing the paradigm shift that the data economy represents requires cooperation among actors, including sharing data across organizational boundaries. The project particularly supports small and medium-sized companies that do not have the capability to manage the type of transformation represented by the data economy on their own.
The benefits derived from data increase significantly when it is utilized in a shared value network across data silos, that is, individual actors and sectors.
Advancing the data economy serves companies of various sizes and sectors, enabling data-driven collaboration between them and especially supporting growth entrepreneurship as the data economy opens up new markets. The project enhances the conditions, skills, and practical tools needed to harness the opportunities of the data economy and to grow data-driven business in the South Savo region.
Project objectives
The main objective of the project is to advance the renewal and diversification of the regional economy through new data-driven business methods. The aim is to create a reliable data-sharing environment and practices among the actors in South Savo. In this way, the project creates new operating conditions for businesses and accelerates R&D activities driven by the needs of the business community in the region.
The project supports regional companies in innovating new data-based intangible assets by implementing business- and data-driven trials. In this way, the project also enhances the capacity of especially small and medium-sized enterprises (SMEs) to develop, grow, and internationalize their business as part of the European data economy.
The sub-objectives are
1. Model the situational analysis of the data economy in South Savo
2. Advance the creation of data spaces through agile trials
3. Create a platform for data economy services in South Savo
4. Build a data economy value network formed together with regional actors
The key actions of the project
- Compile the situational analysis of the data economy in South Savo
- Practical trials will be conducted in various sectors to create data spaces and implement technology experiments for utilizing data and sharing data together with companies and other organizations
- Based on the survey, research and trials, we will 1) plan data economy support services for companies and organizations in South Savo, 2) assemble a starter package for data spaces including guidelines and contract templates for establishing data spaces, and 3) compile a technical implementation model to support the implementation, deployment, and maintenance of data spaces
- We will build a data economy value network formed together with regional actors 1) by connecting to national and European data economy support networks, 2) by defining the network’s strategy, operational model, and services in collaboration with stakeholders, and 3) by organizing workshops for companies and organizations
The planned trials
Trial 1
Food industry data space
Trial 2
Well-being data space
Trial 3
Cultural heritage data space
Trial 4
Circular economy data space
Trial 5
Technology data space
Trial 6
Society data space
The project results
As a result of the project, companies in South Savo have increased their understanding of the value of data, and their capability to initiate new data-driven business has improved.
The latest models and methods of the data economy are available to companies and offered at Memory Lab. Memory Lab is utilized in the development of companies’ services, products, and business operations. Companies’ abilities to identify new data-driven business opportunities and models have been strengthened through skills development and trials in the project. Organizations participating in the trials and value network have gained new knowledge and skills, enabling them to better utilize modern technologies and data resources to enhance their operations.
(the web page at the link is in Finnish)
