SME and big data, EU suggestions

EU did publish a Communication on the data driven economy in which suggests to Sme a way to exploit big data for their competitiveness. Big data are not exclusivity for corporation. As reported in Cordis website, Katalin Imrei, policy officer at the European Commission, explained dealing with big data: ‘The key here is better data analytics enabling more reliable predictions and evidence-based business decisions with regard to the SMEs’ own market, own customers needs and behaviours and business opportunities”. But to bring this about, SMEs, which produce smaller and fewer datasets than their larger counterparts, need high quality, reliable data and services to run new experiments leading to innovative products and services. Networking of data processing facilities, an essential component of the Commission’s plans, will be crucial in transferring knowledge and tools to them. Read here the whole Cordis news

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