The Interplay of Data-Driven Organizations and Data Spaces: Unlocking Capabilities for Transforming Organizations in the Era of Data Spaces

Abstract

This research paper highlights the relationship between data-driven organizations and data spaces and focuses on unlocking capabilities that can be used to transform organizations and to remain competitive in the era of data spaces. The increasing availability and diversity of data, as well as advances in technology, have led to the emergence of data spaces. However, to fully leverage these opportunities, organizations must be able to effectively access, process and utilize data from these data spaces. Through an in-depth examination of current literature, this paper explores the capabilities required for organizations to participate in data space activities. The TOE framework was used to structure the derived capabilities. The findings of this research provide insights into the capabilities that organizations and data spaces must consider when looking to co-innovate and realize new business cases. We anticipate that our paper will have significant implications for both practitioners and researchers.