PPP Big Data Value (BDV)
In July 2014 the European Commission published a communication on its new European Big Data Strategy. The Big Data initiative is designed to decisively strengthen Europe’s global competitiveness in the big data sector. In this market with an average annual growth rate of 40% Europe shall reach a market share of 30% until 2020.
A new public-private partnership (PPP) therefore started its work at 1 January, 2015: the Big Data Value PPP. This partnership is realised jointly by the European Commission and the Big Data Value Association (BDVA), an association of European big data stakeholders.
Companies and research organisations active in the the European data sector are the members of the association. German participants are, among others, SAP, Siemens, Fraunhofer Society, the University of Duisburg-Essen and the German Research Center for Artificial Intelligence (DFKI).
Beginning in 2016 the European Commission will allocate 500 million EUR out of Horizon 2020 to the Big Data Value PPP. The private partners, represented by the BDVA should invest another 2 billion EUR.
The tasks of the Big Data Value PPP include the development of new techniques and services to process and analyse large amounts of data by the use of artificial intelligence. Moreover new business models based on big data are to be developed, namely in the energy, manufacturing, transport and health care sectors.
Under the lead of the big data stakeholders forming the European Technology Platform NESSI(Networked European Software and Services Initiative) the PPP BDV’s Strategic Research and Innovation Agenda (SRIA) was completed in July 2014.
The SRIA puts forward five main research and innovation priorities:
Deep analysis, to improve data understanding
Optimised architectures for analytics of data-at-rest- and data-in-motion
Mechanisms for managing privacy and anonymisation
Advanced visualization and user experience
Data management engineering