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How can Europe take the lead in the business of data?

How can Europe take the lead in the business of data?
There are many reasons that explain why data is becoming increasingly important in our lives.

--- Posted by Khalil Rouhana , DG INFSO, Director "Digital Content and Cognitive Systems"

There are many reasons that explain why data is becoming increasingly important in our lives.

Firstly, a large number of devices - from scientific instruments like genomic sequencers or telescopes to mobile phones to very tiny sensors -  generate much more data than humans could by themselves.

Secondly, advances in digital storage technologies mean it is now cost effective to store large quantities of data for further analysis.

Finally, advances in information retrieval to data mining and machine learning have made it possible to extract very valuable information from enormous amounts of data so that we are now able to analyse phenomena that were too big for us to perceive.

Size is not the only thing that has changed. In the last few years we have discovered that certain types of data  -particularly non-private data collected by public administrations- are worth more when shared than when locked up. And that datasets are worth even more when they are linked to one another so that properties of various objects of interest -companies, products, and geographic features- can be aggregated from independently developed datasets.

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