Data Trusts provide access to big data and allow aggregation on a suitably anonymized basis.
A Data Trust is a framework for collecting, coalescing, enriching, and sharing data. A Data Trust is normally established by an intermediary with fiduciary responsibilities to its data depositors and subject to strong disclosure or governance obligations that provide privacy controls and data sharing agreements to the consumers. Data Trusts provide access to big data and allow aggregation on a suitably anonymized basis. By combining and enriching information into a Data Trust with the right duty of care, a better understanding of the data can be developed. Data Trusts can further accelerate the creation of innovative products and services by providing access to curated data assets while maintaining integrity and oversight into how the data is being used and by whom.