Westpac-backed data start-up Data Republic is building a data marketplace for the NSW Government which will provide access to a broad range of datasets in a single, searchable location.

Having won the government tender, the data marketplace will form part of the NSW government’s digital strategy unveiled by Victor Dominello NSW Minister for Finance, Services and Property, in May this year.

Data Republic’s Senate platform enables the secure access to shared data and is already used to exchange datasets between some of Australia’s most prominent companies, across industries such as retail, banking, automotive, aviation and insurance. It will now be deployed in the public sector.

Sign up to Which-50’s Irregular Insights newsletter

“The Senate platform already has over 100,000 employees from participating enterprises, that can be covered under Data Republic’s legal framework, and we can now envisage that ecosystem of governed data sharing growing even further with involvement from multiple governments, companies, and social good organisations,” said Paul McCarney, Co-Founder and CEO of Data Republic.

“We are proud to have developed a framework and technology that has reduced the risks associated with sharing data so that partners like the NSW Government can enhance services and innovation,” McCarney said.

While ‘open data’ can be accessed by anyone and is made available for free by a number of governments, ‘shared data’ needs a secure, governed environment where use, analysis and movement can be monitored and controlled by the organisation providing it.

According to the company, the Senate platform has been designed to uphold trust and security by meeting data privacy, data confidentiality, data security and data governance needs, as it ‘regulates’ how shared data is permitted for use on the platform.

“Recognising the importance of shared data is a big step in the right direction for NSW as data moves to become the world’s most valuable resource. We hope this partnership will empower other governments and agencies to participate in similar data initiatives, facilitating better interoperability,” McCarney said.

Read more: Data marketplaces present revenue opportunities for government 

Previous post

COVER STORY: Amazon’s 500 Australian Sellers? That number is going to explode.

Next post

99Designs moves back to Oz, eyes ASX listing

Join the digital transformation discussion and sign up for the Which-50 Irregular Insights newsletter.