Governing Industrial Data Ecosystems: Open Innovation in a Digital Economy

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This project aims to investigate how governance mechanisms incentivise multilateral data-sharing to enable open innovation in industrial data ecosystems. Based on a rigorous multi-method study at ecosystem, firm and managerial levels, a framework of generative open innovation to govern multilateral data sharing will be developed. By addressing data-sharing barriers at all levels, the framework helps create collective value at the ecosystem level and capture a portion of that value at the firm and managerial levels. This should enable participants in industrial data ecosystems to share data confidently and unlock the full potential of open innovation for Australia’s digital economy, with estimated benefits of $315bn over the next decade.