2 Jul 2014 Brussels - Data collection and exploitation is a growing phenomenon; in response to industry and grassroots demands the European Commission is calling on national governments to wake-up to this "Big Data" revolution.
Vice President Neelie Kroes stated: "It's about time we focus on the positive aspects of Big Data. Big Data sounds negative and scary, and for the most part it isn't. Leaders need to embrace Big Data."
The main problems identified in public consultations on Big Data are:
Main concrete actions proposed today to solve these problems are:
Actions the Commission will scale-up or continue:
Every single minute, the world generates 1.7 million billion bytes of data, equal to 360,000 DVDs: over 6 megabytes of data for each person every day. As a result, the data sector is growing by 40% per year, 7 times quicker than the overall information and communications market, and Big Data is already helping us speed up diagnosis of brain injuries, find the perfect spot for wind farms , avoid traffic congestion, or forecast crop yields in developing countries. Global Big Data technology and services will grow to USD 16.9 billion in 2015 and data will create hundreds of thousands of new jobs in Europe. Businesses that build their decision-making processes on knowledge generated from data see a 5‑6% increase of productivity.
In order to help EU citizens and businesses more quickly to reap the full potential of data, the Commission will be working with Parliament and Council on the successful completion of the reform of the EU's data protection rules and final adoption of the Directive on network and information security to ensure the high level of trust fundamental for a thriving data-driven economy.