Insight @ NUI Galway participate in defining intelligent use of data that will revolutionize decision making in businesses, sciences, and society through Big Data Value
At the recent European Data Forum in Athens the European Partnership for Big Data Value launched the public consolitation for a Strategic Research and Innovation Agenda (SRIA) on Big Data Value, which Insight @ NUI Galway participated in defining.
The objective of the Strategic Research and Innovation Agenda (SRIA) is to describe the main research challenges and needs for advancing Big Data Value in Europe in the next five to ten years. The SRIA will be an important channel for providing input to the European Big Data Value Partnership that aims to establish a Public Private Partnership on Big Data Value within Horizon 2020.
The intelligent use of data will revolutionize decision making in businesses, sciences, and society in the future. Value creation from Big Data could become the major driver of the European digital economy. Big Data is one of the key assets of the future. Mastering the creation of Value from Big Data will enhance European competitiveness, will result in economic growth and jobs, and will deliver societal benefit.
“Strategic investments are needed by industry and governments to enable Europe to take a leading position in the global big data economy”, said Dr. Edward Curry, Insight @ NUI Galway who participated in defining the Strategic Research and Innovation Agenda (SRIA). The European Partnership for Big Data Value (EP-BDV) sets out the Strategic Research and Innovation Agenda (SRIA) which must be achieved in order to realise this.
Curry explains that the draft SRIA was the outcome of many months of analysis with inputs from a pan-European multi-stakeholder group from industry and commerce, including large enterprises and SMEs, research and academic institutions, and users of Big Data in different sectors.
Europe needs research and innovation in deep analysis, to improve data understanding, in optimized architectures for analytics of data at rest and in motion, in advanced visualization and user experience, and, underpinning these, in data management engineering.
Alongside vital research and innovation in technologies and applications, many infrastructural, economic, social and legal challenges will have to be addressed in an interdisciplinary fashion. Underpinning successful exploitation will be the availability of highly and rightly skilled Big Data Scientists and Big Data Engineers.
The EP-BDV proposes a contractual Public Private Partnership (cPPP) to deliver this SRIA within the European research and innovation landscape of Horizon 2020 and national and regional initiatives. For maximum impact, the cPPP must build upon, continue and accelerate these initiatives, federating national and European activities, reinforcing and augmenting a Europe-wide research and innovation effort, with clear strategies for exploitation, skills development, and investment to maximise take-up.
The new initiative is a common effort with new stakeholders welcome to provide their views on the SRIA.
Survey is open to all and will be accessible until 5 May 2014 and will take around 15 minutes to complete at http://www.bigdatavalue.eu
Feedback will be integrated in the final version of the SRIA and presented to the NESSI summit 2014 on 27 May in Brussels.