The Benefits And Challenges Of Building A Data Trust
Every business collects data in some fashion, but sometimes the true value of the collected information only comes when it is combined with other data sources. Data trusts are a legal framework for allowing businesses to collaboratively pool their data. This allows the members of the trust to increase the value of their individual repositories and gain new insights which would otherwise require substantial effort in duplicating the data owned by their peers. In this episode Tom Plagge and Greg Mundy explain how the BrightHive platform serves to establish and maintain data trusts, the technical and organizational challenges they face, and the outcomes that they have witnessed. If you are curious about data sharing strategies or data collaboratives, then listen now to learn more!
