Data Ownership and Rights

This question confirms whether you (the institution) maintain full ownership of all your data - not just what you upload, but also any reports, analytics, or metadata the system creates from your data. It's like ensuring that when you hire an accountant, you own all the financial reports they create, not just the receipts you gave them.

Data ownership ambiguity can lead to serious legal and competitive risks. If vendors claim ownership of your data or insights derived from it, they could potentially sell it, use it for their own purposes, or prevent you from switching providers. Clear ownership rights protect your intellectual property, ensure compliance with data protection laws, and maintain your competitive advantage.

Companies often overlook the fine print where vendors claim ownership of 'derived data' or 'aggregated insights.' Another mistake is assuming ownership without checking the contract - some vendors grant only a license to use your own data while they retain ownership rights.