Japan to advise business houses to share big data

According to new guidelines Japan will support companies to share big data they collect this in return will make businesses cooperate better on developing new products and services in the age of the "internet of things" instead of keeping all the information to themselves.

The guidelines for the use of big-data will be published in May by an advisory board under the Ministry of Economy, Trade and Industry and the same will be reflected in the government's development approach to be outline this summer. That’s not all; there is also talk of creating a new framework for resolving disputes over big data.

As of now, the manufacturers likely to have the solitary rights to the enormous amounts of data collected from cars, factories and other places. But the companies themselves have a partial aptitude to build up new technologies from this information. METI sees a need to craft a framework that lets different companies to share the information.

Under the proposed METI guidelines, the companies will be advocate to elucidate who has the rights to which data when buying business equipment from or entering into partnerships with others. There will be sharing of all the collected data other than trade secrets, so that parts makers, which have been uncertain to use big data, and other companies can use the information to build up future products. Not only this, the guidelines can counsel that companies should make a decision beforehand how they share the proceeds from big data.

METI will proffer examples of data-sharing agreements in the automotive, machine tool and building protection fields, areas where big data is rapidly clutching on grip. And, as the automotive trade is facing a paradigm shift from advancements in self-driving technology, ride-sharing services and other breakthroughs, the all new guidelines will pave the way for automakers, makers of in-car electronics, rental car operators and other members of the industry to share information with each other.