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The LDS has been thought to be a platform and a marketplace for language resources and services. Stakeholders will have easy access to data, but also have the possibility to monetise their own, to exchange best practices and insights and to find new partners or collaboration opportunities.
The European Language Data Space is one of the Data Spaces currently under development. It aims at building a trustable, EU-compliant data market for the exchange and monetisation of language resources in the public and – even more importantly – in the private sector.
The availability of high-quality data is crucial for the development of state-of-the-art language technologies. Sharing and re-using data in a legally compliant framework can contribute to the creation of a single data market, which will ensure Europe's global competitiveness and data sovereignty.