Long-term Value Creation Through the Utilization of Research Data

Abstract

Data is one of the resources retained by all organizations, and is positioned as a seed that can establish new areas of research and development. In order to promote digital transformation in research and development (research DX) toward the realization of Society 5.0, as stated in the Sixth Science Basic Plan, it is required to conduct joint research through organization-to-organization industry-academia collaboration. In this paper, we point out the importance of perspectives for creating long-term value and valuing data as an intangible asset in order to eliminate bottlenecks in the establishment of organization-to-organization collaborations between universities and companies. In addition, we also focus on health and medical data as one of the seeds for the utilization of big data. In order to efficiently answer new research questions, it is necessary to construct life course data by linking diverse data retained by various institutions. Since the construction of such life course data, in which diverse data are collected and consolidated, requires a business design that maximizes the long-term interests of stakeholders, the effectiveness of establishing a consortium composed of relevant stakeholders is mentioned.