Dawex – safeguarding industrial data exchange as IoT adoption gathers pace

Katy Ring Profile picture for user Katy Ring March 27, 2024
Summary:
How do enterprises safely share and exchange data with trust?

IoT

As more and more industrial devices become connected, the need to securely share data between different companies and with consumers is expanding. Furthermore, for smart manufacturing in the AI era, AI algorithms need access to trusted, secure data.

Dawex has developed a technology that can help by offering data exchange SaaS platform solutions for organizations, enabling them to build their own data ecosystem. It also continues to work with many enterprises and policy organizations to establish data exchange best practice, as in 2022, when Dawex was invited to the annual World Economic Forum event at Davos to speak about strengthening trust in public-private data exchanges, highlighting best practice in building impactful cross-border data ecosystems.

Creating industrial data exchanges

IoT sensors and AI-powered analytics provide the means to monetize a product by capturing the aftermarket-as-a-Service opportunity. One of the more advanced industries in this respect is the automobile industry where manufacturers are transforming from product manufacturers to mobility service providers. This strategy is being pursued by managing a constant data flow from vehicles to proactively push support decisions to drivers and assist distributor fleet management based on the real-time status of assets in the field.

In this digitally transformed world, the ownership and management of the data defining a product is interesting – should the OEM retain that data as part of its proprietary IP, or should the product owner acquire that data as part of the commercial contract? And, when it comes to the longevity of the asset, its sustainability, and the ability to adopt 3D printing as part of its repairability, transference of product data from the OEM becomes a fundamental requirement for the organization or consumer running the asset.

The EU Data Act, which came into force in January 2024, means that connected products will have to be designed and manufactured in a way that empowers businesses and consumers to easily and securely access, use and share the generated data. This is an area where Dawex has a strong role to play. In France, it is working with Schneider Electric, Valeo, CEA and Prosyst to create a trusted data exchange for industry. Known as Data4IndustryX, this is part of the France 2030 government investment plan.

Dawex is also working with players in the Japanese market as this country assesses requirements for increased industrial data flow. Japan Data Exchange is the first data marketplace in Japan with already several hundreds of organizations focussing on industrial data exchanges. Dawex recently hosted an event in Paris gathering European and Japanese influential experts on data spaces, such as NTT Data, Hitachi and Fujitsu as well as representatives of Japanese governmental agencies to further enhance collaboration between Europe and Japan in this area.

Who is Dawex? 

Dawex was set up in Lyon, France in 2015 and has been at the forefront of the data exchange technology market since 2017. Privately held, it has 50 employees and undertakes all development work in France, operating in the EU, US and Japan. The company quickly established that the value of its technology lay with organizations wanting to build their own data exchanges. Consequently, Dawex now has three solutions:

  • An internal data exchange, the Corporate Data Hub
  • An industry-specific data exchange, configurable to different industry ecosystems, the Industry Data Hub
  • A data exchange to distribute data outside and monetise it, the Data Marketplace

While its business is fairly evenly balanced between these three solutions, Dawex believes that all big companies require corporate data hubs, sitting on top of their data lakes to organize the data and enable management of shared data, along with license rights. For example, Bouygues Group is using Dawex technology for its corporate data hub.

Industry data hubs are not a volume play, with probably a few emerging in each vertical sector, and Dawex is already working in sectors such as Health, Mobility, Construction, Space and Agriculture around different initiatives. For example, Groupe ADP’s subsidiary Hub One has selected Dawex technology for its airport Data Exchange Platform as Hub One Data Trust to accelerate data exchanges amongst the airport partners, suppliers, and subcontractors’ ecosystem at Parisian airports like Charles de Gaulle.  

The company’s original offering, the Data Marketplace, is available for companies that are looking to operate their own data marketplace and generate additional money by monetising their data, selling it to external buyers. In this way Dawex technology is leveraged by an automotive and mobility player, Mobivia, to establish a data marketplace to distribute data to suppliers and sell data to the wider aftermarket segment. 

Fabrice Tocco, Dawex co-CEO says:

Our solutions are virtually plug and play as they are easy to implement and customise, and customers are typically up and running in two to four weeks.” For this reason, the company has not focused on working with consultancies and system integrators to go to market.

Tocco is confident about the future of Dawex, explaining that, “one day data exchanges will be as mature as financial markets and data value will be available on company balance sheets.” In other words, the way organizations will manage their data will be formally perceived as an aspect of company value that must be protected.  

My take

Dawex is a specialist company, focusing on one thing – how to safely share and exchange data with trust. In this area it has a very strong pedigree. Over the nine years the company has been in existence, competitors have come and gone (remember Infochimps?) and current competitors offer data exchanges as an add-on to broader portfolios and so do not have the forensic attention to data sharing that Dawex has. For this reason, any organization about to embark on building its own data exchange, as well as GSIs looking to help clients with a rapid time to value data sharing project, should have Dawex on their radar.

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