BIG is a co-ordinated support action from the European Commission that is investigating the possibility of creating a data-driven economy for Europe, specifically looking at the challenges around creating that economy. Some of these challenges are technical, some are non-technical involving regulation and skills.
The project has been running since September 2012 and will conclude at the end of October 2014, so it has a duration of 26 months. The major outcome of the project is the definition of a public-private partnership in Big Data for better value in Europe.
The key findings in the project were on the areas of technology and things like data analytics and data enrichment to add more detailed data to get more insight from it. The key non-technical findings involved the confusion around data regulation, the privacy concerns that citizens may have, and maybe a little lack of understanding about organisations and how they have to regulate the data and the amount of data.
Another key area was around skills and the importance of identifying data-savvy business users who understand the technology and the potential of Big Data technology, in order to really make them understand how they can put this into practice inside of organisations, to reinvent processes, to be revolutionary and to create new business value within their companies.
This is really a key skill that is needed for the next decade as organisations in Europe try to implement Big Data within the companies and try to actually transform themselves into data document enterprises.
Primeur Magazineasked how the research will be used.
Edward Curry explained that the roadmaps have been created by interviewing a large number of stakeholders, including large and small companies, universities, end users of Big Data technologies, and by identifying the key limitations they were coming across. The team can use these inputs to create a set of roadmaps that actually identify the key actions that Europe should take to be able to solve these problems.
These roadmaps have now been fed into the Big Data public-private partnership as part of an overall process, together with industry in an open manner to identify part of the key research challenges and the key actions that Europe needs to take in order to have a co-ordinated response to the Big Data opportunities.