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General

EC launches EUR 2.5 bln public-private big data partnership

Monday 13 October 2014 | 16:17 CET | News
The European Commission has signed a memorandum of understanding with the Big Data Value Association that will see EUR 2.5 billion allocated to a series of big data projects between 2015 and 2020. The EC itself has earmarked EUR 500 million in funding from Horizon 2020, with private partners pledging to at least quadruple that figure. The aim is to open up 30 percent of the global data market for European suppliers, creating some 100,000 new data-related jobs by 2020. The EC said added benefits could include 10 percent lower energy consumption, better health-care outcomes and more productive

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Categories: General
Companies: European Commission / Nokia / Orange / SAP / Siemens
Countries: Europe
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