<p>"Europe has a wealth of industrial data. What are the right framework conditions so that these can be used to ensure that its economy remains at the forefront of industrial value creation, while respecting European values and driving sustainable development? Digitalisation is shifting value chains and business models, it is reshaping the borders of traditional industry sectors (e.g. automotive, energy). New industry coalitions that combine verticals with tech sectors emerge, but regulations and standards are hard to develop when economic relations change so fast. On the other hand, digitalisation enables the effective implementation of political agendas such as resilience and sustainability. Machine-oriented data processing enables users not only to run various diagnostic, predictive, and prescriptive analysis applications, it also can simulate energy flows and trace material flows. For a data-driven economy, digitization of product information throughout the entire product lifecycle is key to agility and efficiency of product-related processes. This session wants to discuss where we stand, what good practices for data sharing are, and what steps should be taken."</p>