On the 2nd of July 2014, the European Commission published a communication entitled “Towards a thriving data-driven economy”. This communication outlines that the Big Data Market, which is expected to grow worldwide to USD 16.9 billion in 2015 at an annual rate of 40%, is a great opportunity to create new jobs and growth. However, it also points out that Europe has been slow in embracing this revolution, compared to other competitors like the USA. The communication addresses this challenge by sketching the features of the European data-driven economy of the future and setting out some operational conclusions to support and speed up the transition towards it.
On the 2nd of July 2014, the European Commission published a press release which urges national governments to embrace the potential of Big Data.
The main problems identified by the Commission in the field of Big Data are the lack of cross-border coordination, insufficient infrastructure and funding opportunities, a shortage of data experts and related skills, as well as a fragmented and overly complex legal environment.
After a welcome speech by Jan Sundelin, co-chair of the NESSI Board, and an opening speech by Mario Campolargo, Director of Directorate E "Net Futures" in DG CONNECT, the participants had the opportunity to attend to three enriching panel discussions and exchange with the speakers.
The European Technology Platform for Software and Services NESSI, together with partners from the FP7 project Big, have drafted a Strategic Research and Innovation Agenda (SRIA) on Big Data Value. The objective of the SRIA is to describe the main research challenges and needs for advancing Big Data Value in Europe in the next 5 to 10 years. The SRIA will be an important channel for providing input to the European Big Data Value Partnership that aims to establish a Public Private Partnership on Big Data Value.
Big Data is one of the key research and strategy topics for the world of business. Now 24 Institutes of the Fraunhofer-Gesellschaft, Europe's largest organisation for applied research, have come together to pool their expertise in the new Big Data Alliance, creating a single point of contact for companies, politics and research.
Today, analysts seek to derive insight from large, heterogeneous, high-velocity (i.e., big) data sets using varying data analysis methods. These data sets are ubiquitous. They arise due to burgeoning cloud computing services, the anticipated Internet of Services (IoS), and the emerging Internet of Things (IoT). Big data is often defined as any data set that cannot be handled using today’s widely available mainstream solutions, techniques, and technologies.
As announced in the European Data Forum 2014 - in the networking session on 20 March organized by the European Technology Platform NESSI and the FP7 Project Big - a public consultation on the Big Data Value Strategic Research and Innovation Agenda will soon be opened here under the tab "consultation".We are looking forward to hearing your views - stay tuned!
30 million Euro support provided by the federal government.
Supporting the competitiveness of the industry in the middle of the technical transition to the Internet of Things and Industry 4.0, German’s Federal Ministry of Education and Research will establish two new competence centres for Big Data and IT security.