Big Data is a key economic asset to achieve competitiveness, growth and jobs due to its potential for impact and as an enabler for both horizontal and sector-specific gains.
Mastering the creation of value from Big Data will be a cornerstone in future economic development and societal well-being.
Europe is not playing the role it should in the global market. Only 2 out of the top 20 companies changing lives and making money out of Big Data are European.
For this situation to be reversed, Europe needs to strengthen all parts of the “data value chain” so that a vibrant Big Data value ecosystem and data-powered innovative business models can evolve. That includes people and organisations involved in data whatever their role, be it producing, analysing, using or creating value from data.
The European Commission has teamed up with European industry (large players and SMEs), researchers and academia in a Public-Private Partnership (PPP) in order to cooperate in data-related research and innovation, enhance community building around data and to set the grounds for a thriving data-driven economy in Europe. A contractual arrangement on the PPP has been signed on 13 October 2014.
Industry and academia have identified R&I priorities in a Strategic Research and Innovation Agenda (SRIA).
In order to reach its objectives the PPP will make use of two major instruments:
The Big Data Value PPP is a partnership between the European Commission and the Big Data Value Association, the association of the European Big Data community which includes data providers, data users, data analysts and research organisations. The association is a non-profit, industry-led organisation whose founding members include ATC, IT Innovation, IBM, SINTEF, University of Bologna (CINI), Polytechnical University of Madrid, NOKIA Solutions and Networks, THALES, University of Duisburg Essen, Siemens, SAP, Engineering, TIE Kinetix, ANSWARE, Software AG, Orange, Atos, INDRA, ITI, VTT, Fraunhofer, DERI, and the Technical University of Berlin. It is open for additional companies and research organisations to join.
The Big Data Value PPP is operational since January 2015.