Data is poised to become the most valuable asset in the digital world. Every day there seems to be groundbreaking discoveries revealing the untapped potential and immense promise of data. Here at DACONOMY, we understand this, but more importantly; we are at the forefront of it. Through a combination of expertise and superior solutions, we are opening the data economy to the world.
The Market
The emerging data economy is young and growing; According to IDC, worldwide revenues for big data and business analytics are likely to grow from $150.8 billion (2017) to $210 billion by 2020; that’s a compound annual growth rate of 11.9%. Another independent study by PWC shows that up to $9 trillion will be invested in the Internet-of-Things (IoT) market until 2020, and estimates that up to 30 billion IoT devices will be connected; this exponential growth in data and IoT raw data will result in massive amounts of usable information which is impossible to curate manually.
Data production is growing at an astronomical rate, the potential insights that data can provide are limitless. However, roughly 90% of data is unstructured; this leaves companies with the need for internal big data and analytics operations. There are several levels of data optimization that the majority of companies that work with data fall into, for instance, creation, hoarding, simple usage, management, enrichment & exchange, and monetization. In this new data economy, data monetization is king.
DACONOMY Leading the Way
DACONOMY is the world’s first decentralized ecosystem and platform for the exchange and monetization of multi-protocol data. We aim to increase participation within the data economy by enabling individuals, companies, and organizations of all sizes to monetize their data. On DACONOMY’s platform, the DMY token is used as a medium of exchange and represents the data being bought and sold by stakeholders.
We combine distributed ledger technology with artificial intelligence and machine learning to enable transparent, efficient, and secure data sharing between parties. With an innovative technical architecture and a powerful set of engines, the DACONOMY ecosystem will allow data providers, sellers, consumers, individuals, and developers to come together in a decentralized ecosystem to exchange value in a trustworthy, transparent, and secure environment. In addition to creating a platform for exchange, our ecosystem has an array of data-related services.
The Engines
The true power of DACONOMY lies in our engines; these engines are geared towards solving the data industries most significant issues. Our analytics engine clusters data types by examining use cases for datasets and assigning them structure. The data anonymity engine allows dataset owners to apply a certain level of anonymity to their datasets. Our taxonomy and classification algorithms index all the data and enable us to autonomously classify the data to make it fit in the most appropriate taxonomic class(es). The verification and validation engines verify users during registration, and provide different verification levels based on deals successfully executed, verification data provided, recommendation data from peers, and KYC profiles. Our matching engine makes finding the appropriate and relevant data effortless. And finally, the pricing engine calculates a value for any given dataset or data stream.
The Team
The management of the DACONOMY ecosystem brings more than 70 years of experience in data curation, management, and monetization to the table. Over the past five years, our management team served various blue chip customers in a wide range of sectors with both standard and individualized data products. These customers include Fortune 500 companies as well as almost all the DAX 30 companies.
DACOMONY is also in full partnership with the Schober Information Group. The Schober Group — based in Germany — is considered one of the leading and most experienced data management companies in Europe, with many of the Schober clientele being in the Fortune 500 and DAX 30. Following the Schober reputation, firms (amongst others) such as Google, Facebook, Microsoft, and Mercedes-Benz became clients. The Schober Group is a leader in data management services and has been doing business for over 70 years. From data brokerage to monetization, bulk trading, IoT, and manual & AI curation: The track record of the Schober Group in the data industry is impeccable. In collaboration with the best minds in the data and blockchain industry, the Schober Group is developing a universal data marketplace where companies and data holders of any size, from any region in the world, can trade, buy, and sell data in a transparent and secure environment.
