EU plans to invest 2.5 billion euros in public-private partnerships

The European Commission said 13th that it would establish a partnership with large data value associations to invest 2.5 billion euros in http://www.aliyun.com/zixun/aggregation/13082.html "> Data Industry development.

This public-private partnership will be officially launched from January 1, 2015 and a number of projects starting from 2016 onwards. Between 2016 and 2020, the European Commission will use the "Horizon 2020" research programme to invest more than € 500 million in this partnership, with private sector partners investing more than 2 billion euros.

In its communiqué, the European Commission noted that this partnership will help to generate some subversive data ideas in industries such as energy, manufacturing and health care, such as personalized healthcare and predictive analytics, to enhance the strength of the European region in the larger data sector and lay the groundwork for a data-driven economy in the future.

The Commission stressed the benefits of developing big data, such as the prospect of helping European suppliers occupy up to 30% per cent of the global data market, creating about 100,000 data-related jobs in Europe by 2020 years ago, and reducing energy consumption by 10%.

Large data refers to a technique for analyzing and obtaining the required information from a wide variety of data from different sources. The large data Value Association is a non-profit industry association in the European region that aims to promote large data development, research and innovation in the European region, with the members of IBM, Siemens and other research institutes such as the German Artificial Intelligence research Center. Xinhua）