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Success factors for Federated Data Spaces initiatives

Vasilescu, Adrian (2023) Success factors for Federated Data Spaces initiatives.

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Abstract:Federated Data Spaces (FDS) are ecosystems where information is exchanged while ensuring data sovereignty and keeping the information as much as possible at the source. This enables unprecedented benefits in terms of interconnectivity and efficiency. Federated data spaces are considered critical for shaping the future of data economy in Europe. The implementation of FDS is pursued in an increasing number of sectors with varying degrees of progress. The field is new and few initiatives reached deployment. The combination of factors which lead to an efficient new FDS implementation is unknown, due to the lack of research focused on this aspect. Filling a knowledge gap, this study aims to identify common factors across successful FDS and determine those linked to the success of respective initiative. The comparative analysis of use cases from both successful and failed implementations of FDS ensued a list of proposed success factors. Their individual impact was assessed by assigning an arbitrary score. The described factors have a series of economic, technical and social implications that are hereby discussed. The findings need to be validated in the future with larger sets of data once more initiatives will be launched or reach implementation stage. Nonetheless, it is anticipated that this work can potentially guide new implementations of FDS.
Item Type:Essay (Bachelor)
Faculty:EEMCS: Electrical Engineering, Mathematics and Computer Science
Subject:01 general works, 50 technical science in general, 85 business administration, organizational science
Programme:Business & IT BSc (56066)
Link to this item:https://purl.utwente.nl/essays/96068
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