in content lists or on the content page.Competitiveness through data
The data economy is growing faster than other industries and creating new business opportunities for companies at an accelerating pace. In the Competitiveness through Data project, we are creating links between actors and improving opportunities for sharing and using data and providing tools to do so.
The project was implemented in 2021–2024.
Latest
What is it about?
The size of the data market, or data economy, Data economy An area of the economy where the collection and use of data are a key part of activities. Open term page Data economy is growing faster than other industries and creating new business opportunities and models.
But despite good data resources and a functioning digital infrastructure, there has not been much success in developing new business or significant data-driven services in Finland. According to one study, Finnish companies do not feel they are tapping into the potential of the data economy (Sitra’s business survey 2021).
Sharing data across organisational boundaries multiplies business and innovation opportunities.
Lack of understanding of the importance of data and reluctance to share data between organisations are challenges not only to the competitiveness of Finnish businesses, but also to building a sustainable future. The use of relevant, reliable data is a key enabler of the European “twin transition”, the digital and green transition, as Europe moves towards an era of climate neutrality and digital leadership. Sitra supported this transformation with Competitiveness through data project.
To succeed, Finland needs to increase data-related business skills and grow data-driven, sustainability-oriented innovation. Globally, innovation activities are mainly focused on innovation ecosystems. An innovation ecosystem refers to a set of actors around the generation of new data and its use.
What did we do?
The Competitiveness through Data project addressed the challenges of sharing and using data in innovation ecosystems.
The project aimed to make trust and open data-driven service development a success factor for Finnish innovation ecosystems and a competitive advantage for businesses.
In the initial phase of the project, we examined the state of data use and sharing in Finnish innovation ecosystems. We identified factors that need to change in attitudes and organisational culture related to data sharing. We also identified practical tools for using and sharing data for innovation ecosystems.
In spring 2022, we launched a collaboration with innovation ecosystems that have recognised the importance of data sharing and are ready for it. We piloted the co-development of data-driven services with them. The aim of the piloted solutions was to create a network-like model for sharing and using data for innovation ecosystems. The model was concretised in the form of a handbook published in 2024.
We also raised the profile of innovation in ecosystems and its impact in the European debate. Ecosystems combining research and business know-how are increasingly important in solving challenges facing society.
You might also like
Where are we now?
The Competitiveness through Data project started on November 2021.
Co-operation with ecosystems started in spring 2022, when we launched a collaboration with innovation ecosystems that have recognised the importance of data sharing and were ready for it. We piloted the co-development of data-driven services with them. Read more here.
The project ended in spring 2024.
Contact us
Projects
The state of development of data ecosystems and networks survey
Pilot projects: Competitiveness through data
Growth from Data programme