A data room is a legal, organizational and technical framework for the shared use and reuse of data by multiple stakeholders.
In the context of a data room, the data actors assume one or more of the following five roles: data users, data providers, intermediaries, concerned persons and beneficiaries.
Data users receive access via data infrastructures (technical components for data publication, data preparation and data use) to the data they require for their applications (data-based services) and which they are entitled to use in accordance with the agreement with the data providers. They compensate the data providers and data brokers, e.g. by sharing in the revenues generated by the use of the data.
The beneficiaries purchase the data-based services provided by the data users and remunerate them according to the agreement.
If the data relates to third parties ("data subjects") (natural or legal persons), they have control over the transfer of their data (by the data providers) and its use (by the data users), depending on the data room's rules and regulations, and participate in the results of the data use.
The data brokers provide technical, organizational and legal support for data exchange between data suppliers and data users with corresponding infrastructure components (e.g. data exchange platforms) and services that facilitate the use of the data (e.g. cleansing, enrichment and networking of data). They are remunerated for their services by the data users and data providers.
The cooperation of the stakeholders and their data-related activities are embedded in a legal, organizational and technical framework that is jointly defined and enforced by the data cooperation providers.
Data room support
The cooperation of the players and their data-related activities are embedded in a legal, organizational and technical framework that is jointly defined and enforced by the data cooperation providers. This results in the sponsorship. The governing body can take on the role of organizing and (depending on the structure) enforcing compliance with the rules and regulations.
The Swiss Data Alliance has described the European data space from a Swiss perspective in a white paper.