Innovative use of data is sweeping into every industry and business function as an increasingly important resource alongside labour and capital. Getting access to relevant data and providing better framework conditions for digital entrepreneurs with the ideas and skills to harvest the enormous potential of big data is a key component in creating jobs and growth. Interoperability is also a key to unlock the potential of data.
- The amount of data is exploding by 40 percent annually.
- Today the data volume on Facebook alone is estimated to be the same as the entire World Wide Web in 2004.
- Mobile data usage in Europe is almost doubling every year, and is projected to reach 1.5 trillion megabytes per month by 2015.
- Economic impact of applying and re-using public sector information alone is estimated to be around EUR 140 billion annually in Europe.