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

In: DATA STRATEGY AND AI VALUE CREATION For Data Leaders by Data Leaders

Author

Listed:
  • Marcus Hartmann
  • Felix Baumann
  • Elisa Lederer

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.

Suggested Citation

  • Marcus Hartmann & Felix Baumann & Elisa Lederer, 2025. "Data Strategy and AI Value Creation: Dataspaces — Opportunities with ESG," World Scientific Book Chapters, in: Wai Fong Boh & Chee Hua (Neumann) Chew & Thara Ravindran (ed.), DATA STRATEGY AND AI VALUE CREATION For Data Leaders by Data Leaders, chapter 7, pages 91-114, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789819800858_0007
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    More about this item

    Keywords

    Data Strategy; Data Governance; Data Quality; Privacy Protection; Artificial Intelligence; Generative AI; Business Value; Innovation; Digital Transformation; Regulations;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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