Today, analysts seek to derive insight from large, heterogeneous, high-velocity (i.e., big) data sets using varying data analysis methods. These data sets are ubiquitous. They arise due to burgeoning cloud computing services, the anticipated Internet of Services (IoS), and the emerging Internet of Things (IoT). Big data is often defined as any data set that cannot be handled using today’s widely available mainstream solutions, techniques, and technologies.
"New developments such as the cloud, the Internet of Things and big data can thrive in Europe and that citizens, innovative web entrepreneurs and other businesses can take full advantage of their potential."
Jean-Claude Juncker, President of the European Commission