Communication on data-driven economy


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. In order to bring about this data-driven economy, the Commission claims that strategic cooperation through a contractual Public-Private Partnership (cPPP) can play an important role in developing a data community and encouraging exchange of best practices. Indeed, according to the Commission, a sufficiently well-defined cPPP would be the most effective way to implement the research programme Horizon 2020 in the field of Big Data, notably given the required scale of impact, the resources involved and the importance of a long-term commitment. The NESSI ETP is actually proposing to the European Commission a definition of a cPPP in this area. If evaluated successfully, the Commission stated that it could be launched by the end of 2014. Finally, the European Commission outlines a raft of measures aimed at helping SMEs exploit Big Data to win new commercial opportunities. A dedicated page on this topic is also available here.
Moreover, the European Commission also published an infographic entitled: "How can big data make a difference? 4 steps to leverage the potential of big data", which is available here.

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