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.
"In today’s globalised world, the transition to a digital economy is essential for Europe competitive edge, economic growth and jobs. The digital revolution is not a dream for the future, it is happening now, transforming economy and society. The key challenge for Europe is to fully capture the opportunity and value of digitization." Dr.-Ing. Jürgen Müller, BDVA President