apidays Helsinki & North 2023 - Data Exchange between companies, hard or not?, Janne Uggeldahl, Platform of Trust

apidays Helsinki & North 2023
API Ecosystems - Connecting Physical and Digital
June 5 & 6, 2023

Data Exchange between companies, hard or not?
Janne Uggeldahl, Chief Product Officer at Platform of Trust

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Transcript

1. Data Exchange. Hard or not? Janne Uggeldahl Chief Product Officer, Platform of Trust APIdays Helsinki & North 2023
3. Data Exchange is a data exchange process between two or more systems, during which no data or trust is lost. 2 WHAT IS IT:
4. 3 The world’s constantly growing information capital is dammed up at the intersections of data flows. WHY BE INTERESTED:
5. The Lack of Expertise (within companies) The Lack of Trust (in between companies) 4 WHAT HOLDS US BACK:
6. 5 A company can take the hard way or choose the other route HOW TO PULL IT THROUGH:
7. The current way is full of bilateral contracts, point-to-point integrations and a lot of manual work API #1 Data Model 1 Data Model 2 Data Model 3 Data Model 4 6 THE HARD WAY Customer contract 1 API Gateway Data Lake Current state: Before onboarding, a signed customer contract is a pre-requisite for consuming a commercial API Data Utilizer API #2 API #3 API #4 Customer contract 2 Customer contract 3 Customer contract 4
8. Platform of Trust DEaaS transforms data from different sources into a form that can be shared in a trustworthy way Data Source 1 Data Source 2 Data Source 3 Data Source 4 Data Model 1 Data Model 2 Data Model 3 Data Model 4 Built-in: elements of trust 1. Identification 2. Contract 3. Monitoring Interoperable Data Product Input: Identification and integration of data sources. Data harmonization and ensuring the interoperability Output: Designing the data product, controlling the use and ensuring the reliable distribution of the data product Data Utilizer (etc. the organization managing the construction materials supply chain) 7 THE OTHER ROUTE - DATA EXCHANGE AS A SERVICE
9. Construction Data Exchange as a Service Material provider Wholesales Logistics Material management Planning Order Order confirmation Order modification Order cancellation Order estimation Delivery confirmation Partial delivery Delivery modification Order (Order call in) Order confirmation Order modification Order cancellation Order estimation Delivery confirmation Partial delivery Delivery modification Service center Production management Forecasting Troubleshooting Production management Forecasting Troubleshooting Logistics center THE OTHER ROUTE - DATA EXCHANGE AS A SERVICE Data Exchange is about syncing business processes between companies and withing networks 8 Example: Order-Delivery chain from Construction Industry
10. 9 Universal Ontology and Harmonizer PRODUCT COMPONENTS Contract-based Data Exchange & Contract console Data Catalogues & Orchestrator 1 2 3 Governance Data Flow Interoperability Data Cost optimization Our Data Exchange platform has built-in tools to ensure trustworthiness and efficiency of operation
11. 10 THE OTHER ROUTE - DATA EXCHANGE AS A SERVICE The Data Exchange platform has proven its value in several customer projects, e.g:
12. Key Takeaways: ▪ The business paradigm is transforming from closed value chains towards open value networks - The world of business is transforming from closed connections towards data exchange and/or cooperation between companies ▪ Contracts and data governance are key to unlock the business value of data ▪ The company can take the hard way and develop the capabilities of its own organization to meet the requirements of information exchange, or ▪ The company can decide to choose Data Exchange as a Service and contact Janne 11
13. Thanks. Janne Uggeldahl Chief Product Officer at Platform of Trust email. janne.uggeldahl@oftrust.net tel. +358 500 354 907