Intelligent CIO Europe Issue 103 | Page 27

FEATURE
How Data Asset Foundations could support businesses
• Define and govern data assets within a legal structure
• Improve trust and transparency around data use
• Support licensing and controlled data sharing
• Strengthen due diligence and investment discussions
• Create clearer governance and accountability frameworks
• Help businesses commercialise high value datasets
The conversation around data is shifting rapidly. Businesses are moving beyond viewing data simply as a technical or operational issue. Increasingly, it is becoming central to discussions around valuation, innovation, resilience and long-term growth.
The Isle of Man’ s framework reflects that broader shift.
Rather than treating data as a passive by-product of business activity, Data Asset Foundations aim to create clearer structures through which organisations can govern, manage and realise value from their information assets.
Whether other jurisdictions follow similar approaches remains to be seen, but the wider direction of travel appears increasingly clear. Trusted, governable and commercially usable data is becoming a strategic priority for businesses worldwide.
Data is often described as power. On the Isle of Man, it can become capital. • www. intelligentcio. com
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