ExchangeWell™

About 

Empowering digital transformation through the development of common collaborative solutions for data aggregation, analysis, protocols, and interface tools

We have a vision of a connected world of trusted communities collaborating to achieve innovative breakthroughs that move us to a brighter future. We have a mission to help organizations and industry sectors form consortia and other cooperation models to solve challenges and maximize opportunities to advance growth in an industry or sector.

ExchangeWell collaborates with stakeholders to tackle data management challenges and together find creative solutions to help realize the potential power of data that once put into a useable, secure but sharable form can flow better, be applied to help solve problems, create opportunities and add business value.

About Our Work and Collaborative Approach

The ExchangeWell program enables digital transformation and data-driven results through collaboration and smart data management to help stakeholders with a shared vision through projects, workgroups, and consortia programs for air, space, land, sea, and systems which span multiple industry sectors.

We are part of SAE Industry Technologies Consortia (SAE ITC), a family of global consortia programs that connect and collaborate in neutral, pre-competitive forums.

ExchangeWell participants develop and document best practices for data management to influence the direction of digital transformation technologies, including:

  • digital documents
  • digital standards, registries, exchanges, marketplaces
  • associated tools, including technical requirements, implementation guidance, governance, protocols and more.

New models for trusted data sharing and commercial exchange

ExchangeWell is on the leading edge of research developing models to help data owners and algorithm developers collaborate to define and form private or public blockchain based digital data marketplaces enabling members to design and operate in the model that fits their community developed vision.

Data assets can be commercialized for sale or freely shared – it is up to the stakeholders to decide governance, rules of exchange, data protection, and revenue models.

How does ExchangeWell work?

ExchangeWell conducts its work in ideation phases, providing a lightweight stakeholder-centric evaluation framework to assess potential opportunities, identify, and convene resources, and collaborate to help ideas move forward.

Identification: It all begins with a person, an idea, and a desire to solve a sector and industry-focused challenge or leverage an opportunity. An idea is brought to ExchangeWell and SAE ITC to assess a potential fit relative to our mission, vision, resources, and the broader interests of target stakeholders.

Phase 1 Learning and Evaluation: Ideas are discussed, initial research conducted, and potential participants, end-users, and other stakeholders are identified.

Phase 2 Plan development: If there is a fit between stakeholder vision, mission, and goals, a new project is established and moves through a plan with facilitation, guidance, and subject matter expertise. The project runs through a research and development continuum, to reach the desired outcomes as set by the project participants.

Phase 3 and beyond: A project may conclude or evolve into a standing program or consortium – it all depends on the vision, mission, and goals of the activity, its participants, and stakeholders.

ExchangeWell Rapid Discovery & Ideation Process

What expertise, resources and services do ExchangeWell and SAE ITC provide?

We provide a neutral, legal framework for organizations (public, private, government, and academic) to convene and solve technical challenges and create new market opportunities, locally and globally, on a pre-competitive basis.

We provide a comprehensive legal framework for pre-competitive collaboration along with a full suite of strategic and operational services; SAE ITC can help a new or existing program or consortia quickly impact their industry.

 

ExchangeWell Workstream 1

Digital Data Transformation

Digital Transformation from Paper/PDF to Digital Documents

  • Planning for and leveraging the transition to digital documents, including digital standards.
  • A key enabler for digital thread/digital twin and related initiatives.

Prepare for Digital Documents Knowledge Capture

  • Improve discoverability, searchability, and application of data.
  • Increase interoperability, reduce labor costs, and improve system efficiencies.
  • Prep to train and leverage AI/ML to extract data and learn from data locked in applications and systems.
  • Maintain security and ownership.

Overview

Many of today’s initiatives require improved access to data. However, much organizational data resides in multiple systems and multiple documents in various formats from numerous organizations for multiple purposes, ranging from design, certification, testing, regulatory, and more. Accessing these data sources is a challenge for many end-users.

AI, ML, NLP and more – organizations want to take advantage of these strategies to maximize business value, but too often they discover that they are not ready to take advantage of these new technologies because they are unable to locate target data, or the necessary data is inaccessible as unstructured content.

Once the many required steps of preparing data for use for various AI/ML/NLP applications has been completed, data can more easily shared internally and externally with other supply chain participants using networks meeting the requirements set by the data owners.

Next Steps: Improved extraction and use of unstructured data

  • ExchangeWell is researching and documenting challenges accessing unstructured data in all phases of the Integrated Product Lifecycle, especially maintenance and repair.
  • Deliverables slated for production include tools and whitepapers to assist with planning for and leveraging the transition to digital documents, including digital standards, digital thread/digital twin, and related initiatives.
  • If your organization is interested to participate in these areas of research, please contact us!

ExchangeWell Workstream 2

Registries & Smart Sensors: Improved tracking of information, parts, and services

Aerospace Standards Part Qualification Program (ASPQP/TS200)

  • Blockchain technology to record supplier qualifications to industry standards.

Overview

Registries: There are many models for the management and distribution of data. Data management may include the creation and maintenance of registries to house and distribute particular information types. Depending on the needs and interests of a particular program or consortia, ExchangeWell activity may include the development of industry and sector-level registries.

Sensors: In the broadest definition, a "sensor" is a device, module, machine, or subsystem whose purpose is to detect events or changes in its environment and send the information to other electronics, frequently a computer processor. A "sensor" is always "used" with other electronics. A number of ITC and ExchangeWell projects include the development and use of sensors and their related data assets.

Next Steps: Registeries & Smart Sensors

Aerospace Standards and Part Qualification Program (ASPQP) and TS200:

EchangeWell Workstream 3

Digital Data Marketplace: A place for data commerce, sharing and research

Digital Data Marketplace

  • Participants collaborate to define and develop private or public blockchain marketplaces and rules of engagement.
  • Trusted access through contracts to distributed data with IP security and strategic commercial value.
  • Data owners retain control of their data – no need to centralize data.
  • Data assets can be commercialized for sale or freely shared – it is up to the community leaders and stakeholders to decide governance, rules of exchange, data protection, and revenue models.

Overview

SAE ITC and ExchangeWell have a mission to help organizations and industry sectors form consortia and other cooperation models to solve challenges, reduce risk, and take advantage of opportunities to move forward.

To remain competitive, organizations must have access to usable data for use in numerous functions, including:

  • Research & development, certification, testing
  • regulatory reporting, maintenance, and repair
  • and much more throughout one or more supply chains

ExchangeWell is on the leading edge of research developing models to help data owners and algorithm developers collaborate to define and form private or public blockchain-based digital data marketplaces enabling members to design and operate in the model that fits their community developed vision.

There are many aspects required to establish a successful data sharing consortium and among the most important is to develop an appropriate governance model that includes these critical elements.

Next Steps: Project Collaboration

Industry-focused blockchain public and private digital data marketplaces:

  • ExchangeWell has multiple early stage projects underway researching the potential development of several discrete blockchain based digital data marketplaces in specific and multi-sector environments.
  • Deliverables slated for production include tools and whitepapers to assist with development of governance, data exchange protocols and more.
  • If your organization is interested to participate in these areas of research, please contact us!
Platform for secure data exchange
Owners retain control over their data, data is not pooled or centralized
Distributed, scalable, multi-user, multi-tenent, B2B solution with consortium governance
and revenue sharing
Blockchain powered (private permissioned blockchain): data monetization, security,
Smart Contracts, logs and audit
AI/ML orchestration via integration with different ML engines

Engage

Membership in ExchangeWell enables your voice to be heard in defining and creating new workstreams to address the challenges your organization may be facing and collaborate with others of similar mindset to make the vision a reality.

  • Organizations join as ExchangeWell members to work on one or more workstreams of interest.
  • Identify subject matter experts (SMEs) to work on projects.

Contact ExchangeWell to learn more about how your industry sector can form a consortium or add to an existing consortium or other program to facilitate data exchange to help drive your sector forward.

To learn more, please contact

Lisa Spellman
Executive Director, ExchangeWell

[email protected]
+1-724-316-3302

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Benefits of Sector Focused Collaboration

Neutral forums provide a means to define and drive industry wide improvements in projects large and small, from trial pilots to multi-stakeholder initiatives.

Are you working on projects in any of these focus areas? Let’s talk.

  • Quality
  • Safety
  • Reliabilty
  • Innovative technology development and adoption 
  • Sustainability

To learn more, please contact

Lisa Spellman
Executive Director, ExchangeWell

[email protected]
+1-724-316-3302

Benefits of ExchangeWell

Precompetitive Solution Development

Development of Common Industry Tools

Standardized Digital Data Management

Trusted Access to Shared Data

Develop Accurate and Predictive Algorithms

Global Growth Trends in Data Marketplaces and Exchanges

ExchangeWell was created to help stakeholders leverage global growth trends in the creation of data marketplaces and exchanges.

As cited in a recent Gartner article*, it is estimated that by 2022, 35% of large organizations will be either sellers or buyers of data via formal online data marketplaces, up from 25% in 2020.

SAE ITC and ExchangeWell bring stakeholders together to research, create, and define open, fair, and transparent methodologies to meet the vision, mission and needs of the program or consortium.

* www.gartner.com/smarterwithgartner/gartner-top-10-trends-in-data-and-analytics-for-2020/

Groundbreaking Approaches to a New Digital Standards System

SAE ITC and SAE International are doing groundbreaking work in the development of a new digital standards system. A recent whitepaper lays out the approaches.

“Historically, standards were developed with the intention of being provided in print. This has changed with the evolution of new electronic formats, with most standards available in PDF or EPUB. While progressive at the time, these formats are now proving inadequate due to their optimization for readability by the human eye versus consumption by electronic endpoints.”

Click the link below to learn more about the groundbreaking work underway at SAE International and SAE ITC. 

https://www.sae.org/highlights/digital-standards-system-whitepaper