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Shaping Europe’s digital future

Big data

Data has become a key asset for the economy and our societies and the need to make sense of ‘big data’ is leading to innovations in technology.

© GettyImages-889994504 Iaremenko

Big data refers to large amounts of data produced very quickly by a high number of diverse sources. Data can either be created by people or generated by machines, such as sensors gathering climate information, satellite imagery, digital pictures and videos, purchase transaction records, GPS signals, and more. It covers many sectors, from healthcare to transport to energy.

Generating value at the different stages of the data value chain will be at the centre of the future knowledge economy. Good use of data can also bring opportunities to more traditional sectors such as transport, health or manufacturing. Improved analytics and processing of data, especially of big data, will make it possible to:

  • transform Europe’s service industries by generating a wide range of innovative information products and services;
  • increase the productivity of all sectors of the economy through improved business intelligence;
  • address more efficiently many of the challenges that face our societies;
  • improve research and speed up innovation;
  • achieve cost reductions through more personalised services;
  • increase efficiency in the public sector.

Latest

PRESS RELEASE |
Trade and Technology Council: Inaugural meeting agrees on important deliverables and outlines areas for future EU-US cooperation

At the first meeting of the Trade and Technology Council (TTC) in Pittsburgh, the EU and the US agreed on concrete deliverables and outlined the future scope of work. Notably, the EU and the US committed to cooperating closely on shared priorities such as export controls, foreign investment screening, critical and emerging technology standards including Artificial Intelligence, and secure supply chains including on semiconductors. They also agreed to work together on important global trade issues, such as the challenges posed by non-market economies and trade-related climate and environment

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