Picture: European Commission
Eduardo González. Madrid
The European Commission and the Big Data Value Association, an industrial organization including the Spanish company Indra and the Technical University of Madrid among its members, have signed an agreement to set a Public-Private Partnership (PPP) in motion in order to control macro data, which will have an investment of 2,500 million euros.
The agreement was signed last Monday by the Vice-President of the European Commission, Neelie Kroes, and the president of the Big Data Value Association, Jan Sundelin, according to information provided by the EC in a statement. The EU will invest more than 500 million euros for five years (2016-2020) from the initiative Horizon 2020 and it is expected that private partners quadruple, at least, this amount, reaching 2,000 million euros.
The objective of the memorandum is to strengthen the sector and to place Europe at the vanguard of the world race of data. According to the Commission, controlling the macro data could mean controlling 30 per cent of the world market of data for European suppliers, the creation of 100,000 new jobs related to data in Europe from now to 2020, and a reduction of 10 per cent of the energy consumption, better health results and more productive industrial machinery.
The PPP, which will start working on 1 January 2015, is the result of a partnership between the European Commission and the Big Data Value Association, a non-profitable organization directed by the industry, whose members are ATC, IT Innovation, IBM, Sintef, the University of Bologna (CINI), the Technical University of Madrid, Nokia Soluciones y Redes, Thales, the 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, among others. “The partnership is open to those research organizations and companies wishing to join it”, according to the people in charge of it.
The objective is to control 30% of the world market of data and to create 100,000 jobs
“Data are the engine and the foundations of the future economy”, Neelie Kroes stated. “Any type of organization needs some basic elements to drive its performance, from the farm to the factory and from the laboratory to the factory”, the Community vice-president added.
The PPP, according to the EC, will help to focus the public, private and academic research on supporting research and innovation about transforming ideas related to macro data in the fields of energy, manufacture and health, in order to lend services such as personalized medicine, food logistics and forecasting analysis.
The sector of data is growing 40 per cent annually, seven times faster than that of the market of general information and communications. The companies basing the decision-making on knowledge coming from data experience an increase in productivity between five and six per cent. The macro data, according to the EC, help us to accelerate the diagnosis of brain damage or to forecast the productivity of crops in developing countries.
Therefore, macro data offer great opportunities, but they also create problems, according to the EC. “The series of current data are so immense and complex to deal with that they require new ideas, tools and infrastructures”, the Commission warned. “They also require the adequate legal framework, systems and technical solutions to guarantee privacy and security”, the Commission added.