Aboitiz Data Innovation (ADI), the Data Science and Artificial Intelligence (DSAI) unit of the Aboitiz Group, has launched a data exchange platform called Parlay to help accelerate the conglomerate’s digital transformation.
On Parlay, businesses from across the Group’s various industries can share and gain access to data from businesses across the industrial spectrum from power to banking and financial services, manufacturing, land, infrastructure, and food, to name a few.
The first phase of Parlay’s rollout will be focused on signing up the Group's businesses, with the aim of opening Parlay to external organizations as part of the second phase.
Through Parlay, businesses will have unparalleled access to data sets from some of the region's largest corporations to inspire possibilities for creating new opportunities or tackling business challenges.
Parlay can help businesses find solutions to issues ranging from financial inclusion to emissions reduction, by comparing and exploring data from other sectors to solve problems in a way that is more straightforward than ever before.
ADI aims to simplify the complex world of data to advance the Group’s digital transformation journey by operationalizing DSAI across all business units.
Data sharing enables infinite possibilities for tackling business, economic, social, and environmental challenges through new perspectives, patterns and synergies that can be identified through the comparison of different industry data sets.
While many organizations agree on the benefits of data sharing, its adoption remains low across the region due to a number of challenges.
Data kept in silos, complicated and lengthy legal procedures and concerns around the loss of control of the data being shared have been cited as the main barriers to data sharing adoption - all of which Parlay addresses.
“Data is the business of the present. With Parlay, we’re really excited about providing a place where you can exchange the reams of data you have collected for something even bigger and better — an infinite number of possibilities,” said ADI Managing Director Dr. David R. Hardoon.
He added that, “Ultimately, on Parlay we want users to engage with data of all kinds and leave inspired to do everything from creating new products and services to rethinking business models and ways of working to tackling challenges that can improve people’s lives.”
Parlay was developed in partnership with Harbr, a data sharing and commerce platform that enables data innovation through collaboration.
It was built on a Harbr platform with the objective of creating a centralized place to manage, share, and collaborate on data products across the AEV portfolio through automated data sharing agreements, the enablement of secure multi-party collaboration and connecting of data sets to generate new insights.
Parlay is currently being used by companies across the Aboitiz Group’s key business units, with external organizations from the public and private sectors invited to join pilot programs on Parlay in the roll-out's second phase.
The ultimate goal is to sign on more companies onto the platform over time to continue better facilitating the exchange of data across industries, companies and geographies.