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Increase Data Liquidity by Building Digital Data Assets

This audio podcast of the November 2021 research briefing describes how companies can accelerate the pursuit of new data monetization opportunities by configuring digital data assets.
By Joaquin Rodriguez, Gabriele Piccoli, and Barbara H. Wixom

LISTEN TO THE RESEARCH

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.

SEE THE PRINT VERSION OF THE BRIEFING.

The November 2021 research briefing is read by co-author Joaquin Rodriguez.

DOWNLOAD THE TRANSCRIPT

Follow the research briefing podcast series on SoundCloud.

© 2021 MIT Sloan Center for Information Systems Research, Rodriguez, Piccoli, and Wixom. MIT CISR Research Briefings are published monthly to update the center's patrons and sponsors on current research projects.

About the Authors

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Joaquin Rodriguez, Assistant Professor of Information Systems, Grenoble Ecole de Management

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Gabriele Piccoli, Edward G. Schlieder Chair of Information Sciences, Louisiana State University; Associate Professor of Information Sciences, University of Pavia

MIT SLOAN CENTER FOR INFORMATION SYSTEMS RESEARCH 

Founded in 1974 and grounded in the MIT tradition of rigorous field-based research, MIT CISR helps executives meet the challenge of leading dynamic, global, and information-intensive organizations. Through research, teaching, and events, the center stimulates interaction among scholars, students, and practitioners. More than seventy-five firms sponsor our work and participate in our consortium. 

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