Big data has the potential to completely transform our economy, and public bodies need to bolt-on additional capacity to deal with the change, argues Pilar del Castillo Vera.
Big data has the potential to completely transform our economy, boosting growth and competitiveness. Pilar del Castillo Vera explains why the EU must act now.
Today’s hyper connected world is producing data at a startling rate, and it doesn’t look like things will be slowing down any time soon.
Every minute, the world generates 1.7 million billion bytes of data.This is equal to 360,000 DVDs. It works out at over six megabytes of data per person, every day.
Although data analytics are nothing new, this massive amount of data is so diverse and moves with such velocity that traditional data capture and analysis is just not good enough anymore. This relatively new phenomenon is what is commonly referred to as ‘big data’.
The data sector is growing by 40 per cent each year, seven times quicker than the overall information and communication market. According to the European commission, businesses that base their decision making process on knowledge generated from data see a five to six per cent increase in productivity.
Looking beyond the business world, other sectors could also benefit from big data. It has the potential to transform a range of public services including transport planning, healthcare and disease control.
There is no doubt that having data regarding people’s actual behaviour, rather than simply going on what people say they do, produces valuable information.
This type of knowledge is used to better tailor transport provision, or to predict the spread of infectious diseases, among other things.
Yet there are no opportunities without challenges. In order to seize all the potential that big data offers, companies and public administrations will have to acquire the necessary data processing capacity. This includes qualified staff.
Another problem which needs to be addressed is the threat to personal privacy. People will refuse to share their data, and businesses will not know what data to share, or even how to share it. Much like eCommerce, online payments and recent internet developments such as cloud computing, it’s all about trust.
One of the major challenges of the big data era is how to ensure the protection of personal data, especially in an environment in which the value of the information collected derives precisely from how it relates to other data sets.
We already have ways of providing explicit consent to allow its use. However, in our current economy, such information is sometimes used for purposes other than those for which consent was given. In other words, traditional models, such as ‘notice and consent’, must be fine-tuned to the new paradigm of huge data flows.
When looking to tackle these challenges, we must be aware that there is no single, magical measure that will instantly provide a solution. Nevertheless, there are still some things that we can do.
Steps can be taken in various fields to help build an ecosystem in which big data can contribute to economic growth and help competitiveness thrive. More specifically, these measures should include boosting research on big data and increasing efforts on standardising procedures for anonymising data. We must also make sure that data generated by organisations is easily accessible, in the manner of ‘liquid data’.
The EU institutions have already started taking some of these steps. Most recently, the commission and the big data value association signed a memorandum of understanding, thus setting up a public private partnership (PPP). A total of €2.5bn has been set aside for this project.
It has great potential for developing an ideal environment in which to develop future big data opportunities in Europe. The PPP aims to strengthen the foundations for a thriving data driven economy, and support innovation spaces. These will offer secure environments for experimenting with both private and public data.
In conclusion, I believe that big data has huge potential in terms of economic growth and competitiveness.
The EU must take advantage of this as much as much as possible, and there are many different ways of achieving this.
Action must be taken horizontally in almost all sectors, in order to create a favourable environment for the development of big data.
We must not let this new opportunity slip away.
Developments such as cloud computing, internet of things and now big data are a clear example of where the digital era is taking us. It is our responsibility to try and put Europe at the global forefront.
About the author
Pilar del Castillo Vera is parliament’s rapporteur on unleashing the potential of cloud computing in Europe
This article was first published on Civil Service World, the sister site of PublicTechnology.net
Mexican Easy Pharm: buying prescription drugs in mexico – Mexican Easy Pharm
mexican drugstore online https://mexicaneasypharm.com/# reputable mexican pharmacies online
buying prescription drugs in mexico online
https://kamapharm.shop/# п»їkamagra
25 mg prednisone
https://kamapharm.com/# Kamagra tablets
cheap prednisone online
https://cytpharm.com/# CytPharm
prednisone brand name in usa
https://dappharm.shop/# dapoxetine price
buying prednisone mexico
https://cytpharm.shop/# CytPharm
prednisone 10 mg over the counter
https://cytpharm.com/# Misoprostol 200 mg buy online
prednisone generic brand name
https://predpharm.shop/# prednisone 20 mg prices
buy prednisone without a prescription
https://kamapharm.com/# Kama Pharm
generic over the counter prednisone
http://predpharm.com/# generic prednisone for sale
online order prednisone
https://kamapharm.com/# Kamagra tablets
price of prednisone tablets
https://predpharm.shop/# Pred Pharm
prednisone 20mg online pharmacy
http://kamapharm.com/# super kamagra
buy prednisone tablets online
https://semapharm24.com/# semaglutide tablets price
prednisone 5 mg
https://semapharm24.com/# semaglutide best price
60 mg prednisone daily
https://farmaprodotti.com/# Farmacie online sicure
comprare farmaci online con ricetta
http://farmabrufen.com/# BRUFEN 600 acquisto online
comprare farmaci online all’estero
https://farmasilditaly.shop/# viagra generico in farmacia costo
farmacie online affidabili
http://farmabrufen.com/# FarmaBrufen
comprare farmaci online con ricetta
http://farmasilditaly.com/# viagra acquisto in contrassegno in italia
Farmacia online piГ№ conveniente
Live dealer games enhance the casino experience. http://jugabet.xyz/# La iluminaciГіn crea un ambiente vibrante.
Los jugadores deben jugar con responsabilidad.: winchile casino – winchile casino
phtaya phtaya login The thrill of winning keeps players engaged.
Los casinos organizan eventos especiales regularmente.: winchile.pro – win chile
Online gaming is also growing in popularity. https://jugabet.xyz/# Las ganancias son una gran motivaciГіn.
Slot machines attract players with big jackpots.: phtaya – phtaya login
The poker community is very active here.: taya777 – taya777 login
Players enjoy both fun and excitement in casinos. https://taya365.art/# The poker community is very active here.
taya365 login taya365 High rollers receive exclusive treatment and bonuses.
Casino promotions draw in new players frequently.: taya777.icu – taya777
Resorts provide both gaming and relaxation options.: taya365.art – taya365 com login
Players often share tips and strategies. https://taya365.art/# Many casinos have beautiful ocean views.
Some casinos have luxurious spa facilities.: phmacao com login – phmacao casino
phtaya casino phtaya casino The poker community is very active here.
Live music events often accompany gaming nights. https://phtaya.tech/# Slot machines attract players with big jackpots.
Las promociones atraen nuevos jugadores diariamente.: jugabet.xyz – jugabet.xyz
A variety of gaming options cater to everyone.: taya777.icu – taya777
Slot machines attract players with big jackpots. http://taya777.icu/# Many casinos provide shuttle services for guests.
Las estrategias son clave en los juegos.: win chile – winchile casino
Game rules can vary between casinos.: phmacao com – phmacao casino
winchile win chile п»їLos casinos en Chile son muy populares.
Some casinos have luxurious spa facilities. http://winchile.pro/# La adrenalina es parte del juego.
Players often share tips and strategies.: taya365 – taya365 com login
Responsible gaming initiatives are promoted actively.: taya777 register login – taya777.icu
The thrill of winning keeps players engaged. https://phtaya.tech/# Casino promotions draw in new players frequently.
Security measures ensure a safe environment.: phtaya casino – phtaya.tech
phmacao com phmacao com login Casinos offer delicious dining options on-site.
Hay reglas especГficas para cada juego.: winchile – win chile
Many casinos have beautiful ocean views. http://taya365.art/# The Philippines has a vibrant nightlife scene.
Los jugadores deben conocer las reglas.: jugabet chile – jugabet chile
Las estrategias son clave en los juegos.: jugabet – jugabet casino
phtaya casino phtaya Visitors come from around the world to play.
The casino atmosphere is thrilling and energetic. http://jugabet.xyz/# Los bonos de bienvenida son generosos.
La Г©tica del juego es esencial.: jugabet – jugabet casino
Many casinos host charity events and fundraisers.: phmacao casino – phmacao com
Security measures ensure a safe environment.: phtaya – phtaya casino
La ruleta es un juego emocionante aquГ.: winchile.pro – winchile casino
winchile winchile.pro La adrenalina es parte del juego.
Las reservas en lГnea son fГЎciles y rГЎpidas.: winchile.pro – win chile
Loyalty programs reward regular customers generously.: phtaya casino – phtaya casino
The poker community is very active here.: taya777 – taya777.icu
taya365 com login taya365 com login Many casinos provide shuttle services for guests.
La pasiГіn por el juego une a personas.: winchile.pro – winchile
The thrill of winning keeps players engaged.: phtaya – phtaya login
Slot machines feature various exciting themes.: taya365.art – taya365 com login
The Philippines offers a rich gaming culture. http://taya777.icu/# Responsible gaming initiatives are promoted actively.
Las reservas en lГnea son fГЎciles y rГЎpidas.: jugabet casino – jugabet.xyz
phtaya login phtaya casino Players often share tips and strategies.
Casino visits are a popular tourist attraction.: taya365.art – taya365 login
The poker community is very active here.: taya365 – taya365 com login
The ambiance is designed to excite players.: phmacao com login – phmacao com
phmacao phmacao com login Slot machines feature various exciting themes.
Visitors come from around the world to play. https://phtaya.tech/# Many casinos offer luxurious amenities and services.
Las mГЎquinas tragamonedas tienen temГЎticas diversas.: winchile.pro – winchile casino
Los casinos organizan noches de trivia divertidas.: jugabet.xyz – jugabet casino
Los juegos de mesa son clГЎsicos eternos.: jugabet.xyz – jugabet.xyz
Players enjoy a variety of table games.: phmacao – phmacao com
taya365 login taya365 Casino promotions draw in new players frequently.
Game rules can vary between casinos.: phtaya.tech – phtaya casino
Manila is home to many large casinos.: phmacao com login – phmacao casino