BIG DATA:(CHALLENGES AND OPPORTUNITY)

Abstract

The amount of available data has exploded in the past years because of new social behaviors, societal transformations as well as the vast spread of software systems. Big Data has become a very important driver for innovation and growth that relies on disruptive technologies such as Cloud Computing, Internet of Things and Analytics. Big Data is thus very important to foster productivity growth in Europe since it is affecting not only software-intensive industries but also public services, for example the health, administration and education sectors. A challenge for Europe is to ensure that software and services providers are able to deliver high quality services along the lines of the fast growing number of services and users. Big Data software and services generate value by supporting an innovative eco-system and by enabling completely new solutions that have not been possible before. The value lies in the applications based on advanced data-analysis on top of more general Big Data layers, semantic abstractions or network and physical objects virtualization.