The term data trust is particularly at home in the areas of big data and smart data, cybercrime and cybersecurity as well as digital transformation. A data trust describes an organisation or a legal framework that collects, manages and fairly uses data from various parties - always in compliance with data protection and security standards.
The aim of a data trust is to strengthen trust between the data providers (e.g. companies, local authorities or private individuals) and the data users (such as analysis companies or scientists). This ensures that personal or sensitive data is not misused and that innovative projects or analyses can be developed at the same time.
An illustrative example: Several hospitals in a city join forces and place their anonymised patient data in a data trust. Researchers can use this data to develop new treatment methods without knowing which individual person is involved. The administration of the data trust ensures that all data security rules are adhered to.
To summarise: A data trust creates clarity about who is authorised to see, use and share data - and ensures that everyone involved can rely on the secure handling of data.
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