Data Strategy and AI Value Creation: Dataspaces — Opportunities with ESG

Marcus Hartmann, Felix Baumann and Elisa Lederer

Chapter 7 in Data Strategy and AI Value Creation:For Data Leaders by Data Leaders, 2025, pp 91-114 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter provides an overview of the current developments in the European Union (EU) that require more sustainable, digital, and environmental, social, and corporate governance (ESG) conformance of business activities as well as the opportunities that come with it. With an increasingly digitized economy and sustainability reporting obligations in place, data sharing will gain in importance and become a central enabler toward a green and data-driven EU single market. Therefore, this chapter aims to cover the legislative initiatives pushing for the use of dataspaces. It also provides an overview of the current dataspace landscape and the stakeholders who actively shape the usability, understanding, and technical frameworks to bring dataspaces to life. Additionally, it explores the risks and opportunities associated with the commercial use of dataspaces for ESG reporting in different industries and showcases examples of both functioning dataspaces that came to life and those that remained an idea. Ultimately, this chapter carves out ESG-related options and considerations for value creation for Chief Data Officers (CDOs) working in European companies or within companies operating in the EU single market.

Keywords: Data Strategy; Data Governance; Data Quality; Privacy Protection; Artificial Intelligence; Generative AI; Business Value; Innovation; Digital Transformation; Regulations (search for similar items in EconPapers)
JEL-codes: O3 O32 (search for similar items in EconPapers)
Date: 2025
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