Increase Data Liquidity by Building Digital Data Assets
Name
2021_1101_DigitalDataAssets_RodriguezPiccoliWixom.pdf
Size
1.31 MB
Format
Adobe PDF
Checksum (MD5)
8e463737bc093cf353767c8104158cad
Author(s)
Rodriguez, Joaquin
Piccoli, Gabriele
Wixom, Barbara H.
Date Issued
November 18, 2021
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Rodriguez, Joaquin, Gabriele Piccoli, and Barbara H. Wixom. “Increase Data Liquidity by Building Digital Data Assets.” MIT CISR Research Briefing Volume XXI, no. 11 (November 2021). https://dspace.mit.edu/handle/1721.1/174855.
Series/Report no.
MIT CISR Research Briefing, Vol. XXI, No. 11
Abstract
Data liquidity, the ease of data asset reuse and recombination accelerates the pursuit of new data monetization opportunities. This briefing introduces the concept of digital data asset, or DDA, as a pathway to building high data liquidity. A DDA is defined as a digital resource with three structural elements: value, modularity, and a programmatic interface. The unique structure of DDAs enables reuse and recombination of an organization s data assets at an unprecedented scale. Open Banking efforts at Santander UK provide an excellent example of how data assets can be configured as DDAs and exposed to third parties at scale.
Subjects
Data monetization
Decision rights/governance
Information Technologies
Automation
Data, AI, and Analytics
Infrastructure and Operations
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
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