Article by Nino Letteriello: “This September will mark two years since the Data Governance Act officially became applicable across the European Union. This regulation, part of the broader European data strategy, focuses primarily on data sharing between public and private entities and the overall development of a data-driven economy.
Although less known than its high-profile counterparts—the Data Act and especially the Artificial Intelligence Act—the Data Governance Act introduces a particularly compelling concept: data altruism.
Data altruism refers to the voluntary sharing of data—by individuals or companies—without expecting any reward for purposes of general interest. Such data has immense potential to advance research and drive innovation in areas like healthcare, environmental sustainability and mobility…The absence of structured research into corporate resistance to data donation suggests that the topic remains niche—mostly embraced by tech giants with strong data capabilities and CSR programs, like Meta for Good and Google AI for Good—but still virtually unknown to most companies.
Before we talk about resistance to data donation, perhaps we should explore the level of awareness companies have about the impact such donations could have.
And so, in trying to answer the question I posed at the beginning of this article, perhaps the most appropriate response is yet another question: Do companies even realize that the data they collect, generate and manage could be a vital resource for building a better world?
And if they were more aware of the different ways they could do good with data—would they be more inclined to act?
Despite the existence of the Data Governance Act and the Data Act, these questions remain largely unanswered. But the hope is that, as data becomes more democratized within organizations and as social responsibility and sustainability take center stage, “Data for Good” will become a standard theme in corporate agendas.
After all, private companies are the most valuable and essential data providers and partners for this kind of transformation—and it is often we, the people, who provide them with the very data that could help change our world…(More)”.