Details
In today’s digital economy, data is one of the most valuable yet underutilized assets a business holds. Recognizing this, the Isle of Man Government, in collaboration with the EDM Association, has developed the world’s first legal framework that transforms data from an overlooked resource into a trusted, investable asset class.
Building on the success of our September session, Part 2 of the Data Asset Foundations series moves from vision to action — unveiling the upcoming Pilot Program that will empower businesses to unlock measurable commercial value from their data.
This session will outline what the Pilot involves, the journey businesses will take to establish their own Data Asset Foundation, and the commercial advantages of early participation.
At its core lies a simple idea: Data is your power — and when structured, governed, and valued as a trusted asset, it becomes a catalyst for innovation, growth, and competitive advantage.
Why Attend:
Join us to explore how your business can:
- Monetize data to unlock new revenue streams and enhance enterprise value
- Build trust and credibility with lenders, regulators, and partners through embedded governance, assurance, and audibility
- Drive innovation and collaboration across ecosystems through secure and compliant data sharing
- Lead the market by taking part in a world-first initiative defining the future of data economy
Whether you are a CEO, CFO, Chief Data Officer, Chief Digital Officer, or Transformation Leader, this session will provide a strategic perspective on how data can be leveraged not just for insight but for measurable business impact.
If you missed our first webinar, you can watch the recording now. Then join this pivotal session to understand why the Data Asset Foundations Pilot represents a unique opportunity for forward-thinking leaders to redefine how business value is created and realized in the digital age.
Speakers
Post-event summary
This webinar titled “Unlocking the True Value of Data: Turning Your Data into a Business Asset” was hosted by EDM Association and Digital Isle of Man and it focused on the Data Asset Foundation (DAF) pilot program, designed to help organizations manage, govern, and monetize their data assets within a structured legal and operational framework. The speakers included:
- Agnieszka Ablazej-Strandskov, Head of Data Strategy, Digital Isle of Man
- Moderator: Jim Halcomb, Chief Research & Development Officer, EDM Association
The Data Asset Foundation program guides participants through a comprehensive, end-to-end process, beginning with a detailed data inventory and asset assessment to clearly define objectives and understand available resources. It then aligns the corporate structure and group integration to ensure the initiative fits seamlessly within the broader organization. Governance frameworks, based on established models such as DCAM and CDMC, are adapted for the DAF context to provide standardized, template-driven capabilities. Participants then onboard their data assets into the Data Asset Register, testing its functionality and creating a proof of concept to ensure that their commercial objectives are achievable. As Strandskov emphasizes, the program is designed “to validate the… commercial premise for setting up Data Asset Foundation,” highlighting its focus on practical and viable implementation.
The webinar also addressed regulatory compliance, particularly privacy laws like GDPR, with cryptographically tracked consent histories embedded in the data asset register. The DAF framework is designed to support cross-border and cross-jurisdictional data collaboration by tracking both the movement and location of data, enabling trusted data sharing while adhering to applicable laws. Accounting considerations, such as internal versus external valuations, are noted but follow standard accounting rules.
Launching in January, the pilot encourages organizations to participate actively, test their ideas, and provide feedback to refine the framework and legal structure. By embedding governance, compliance, and operational capabilities into the foundation itself, the DAF pilot simplifies ongoing data management, providing a replicable model for monetizing data assets securely, efficiently, and in full compliance with relevant legal frameworks.
