Transparency metrics are particularly relevant in the areas of big data and smart data, digital transformation, sustainability and environment 4.0. They help companies to make it traceable and measurable how open and transparent certain procedures, processes or information are.
Transparency metrics can be used to visualise data, for example who can access certain information, how often data has been changed or how resource-efficient certain business processes are. The aim is to create trust and recognise weak points.
An illustrative example: a company in the field of sustainable production uses transparency metrics to show how much energy is used in the manufacture of a product and where the raw materials come from. Customers or business partners can view these metrics so that they know exactly how "green" the product actually is. This allows companies to prove their sustainability and secure a competitive advantage.
Transparency metrics are becoming increasingly important because customers, investors and authorities want to know how responsibly organisations are acting. Organisations that use transparency metrics are better able to justify their decisions and often enjoy greater trust in the market.
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