The term “datocracy” is starting to gain relevance in Europe as a central concept in the data strategy driven by the European Union. With an economic ecosystem dominated by small and medium-sized enterprises, Europe aims to enhance its capacity for innovation and resilience through the collaborative and ethical use of data, promoting transparency and facilitating access to information.
An open and collaborative data market
The concept of datocracy aspires to establish a “data space” that functions as an open and heterogeneous market for data-based products and services. In this environment, both data providers and consumers can interact without disproportionate barriers to entry or exit. This marketplace is not just a repository of information but an ecosystem that includes technological infrastructure, security mechanisms, governance standards, advanced services, and monetization systems, allowing for efficient and secure data use.
The goal of datocracy is to enable European SMEs, as well as other actors, to access data analysis resources and capabilities without the limitations they typically face against large corporations. Inspired by the ideal of shared governance, datocracy is envisioned as a tool to enhance both transparency and decision-making in a broader economic, environmental, and social context.
Libelium and its iris360 platform, pillars of datocracy
Libelium, a Spanish company specializing in IoT (Internet of Things), is at the forefront of this vision of datocracy with its iris360 platform. This system offers companies a comprehensive data and IoT device management solution designed to ensure scalability and security. Iris360 enables projects in fields such as agriculture, industry, and water management to be developed more rapidly and stably, with tools ranging from data acquisition via IoT devices to analysis and interpretation, all within a single environment.
The iris360 platform, in addition to being Fiware-ready and compatible with an artificial intelligence marketplace, offers integration with third-party devices, customized data models, alert systems, and visualization dashboards, transforming it into a complete infrastructure for the success of any IoT project.
Applications of datocracy in sustainability and governance
Datocracy not only proposes improvements in operational efficiency for companies but also promises to empower citizens and enhance public governance. The introduction of IoT sensors allows for real-time monitoring of critical aspects such as water consumption and energy efficiency. This ability to access real-time data facilitates more informed decision-making, contributing to reducing environmental impact and optimizing natural resources.
In this context, Libelium’s iris360 becomes a strategic tool that can be integrated with the European Union’s data spaces, facilitating both the provision and acquisition of data, thereby strengthening autonomy in the governance of companies and governments.
The future of a datocracy-driven economy
The concept of datocracy in Europe appears to be a model that seeks to balance access to and control over data between large corporations and SMEs, promoting an environment where all parties have equitable opportunities to innovate and thrive. Iris360 positions itself as a key platform to carry out this vision, fostering sustainable development and competitiveness in an increasingly digital world.
As Libelium notes, “iris360 is the vehicle to achieve our vision,” a vision where data becomes an accessible and fairly managed asset, promoting a more inclusive, innovative, and sustainable economy for all stakeholders involved.
Source: Libelium