Big data refers to large amounts of data produced very quickly by a high number of diverse sources. Data can either be created by people or generated by machines, such as sensors gathering climate information, satellite imagery, digital pictures and videos, purchase transaction records, GPS signals, etc. It covers many sectors, from healthcare to transport and energy.
Generating value at the different stages of the data value chain will be at the centre of the future knowledge economy. Good use of data can bring opportunities also to more traditional sectors such as transport, health or manufacturing. Improved analytics and processing of data, especially Big Data, will make it possible to: