European Commission and data industry launch €2.5 billion partnership to master big data

Summary:

The European Commission and Europe's data industry committed in October 2014 to invest €2.5 billion in a public-private partnership (PPP) that aims to strengthen the data sector and put Europe at the forefront of the global data race.

Further information:

The Memorandum of Understanding setting up the PPP on big data was signed on 13 October 2014 by the Vice-President of the European Commission and the President of the Big Data Value Association.

The EU earmarked over €500 million of investment over 5 years (2016-2020) from Horizon 2020, matched by the private partners at least four times over (€2 billion).

• Primary Source

European Commission: Public-Private Partnership (PPP) for Big Data [FAQs] http://europa.eu/rapid/press-release_MEMO-14-583_en.htm

EurActiv, 13.10.14: Commission, industry pledge €2.5 billion for big data http://www.euractiv.com/video/commission-industry-pledge-eu25-billion-big-data-309140

EurActiv [Opinion], 17.10.14: Embrace big data to educate Europe http://www.euractiv.com/sections/infosociety/embrace-big-data-educate-europe-309253

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