To support the adoption of big data value, it is essential to foster, strengthen, and support the development of big data value technologies, successful use cases and data-driven business models. At the same time, it is necessary to deal with many different aspects of an increasingly complex data ecosystem. Creating a productive ecosystem for big data and driving accelerated adoption requires an interdisciplinary approach addressing a wide range of challenges from access to data and infrastructure, to technical barriers, skills, and policy and regulation. In order to overcome the adoption challenges, collective action from all stakeholders in an effective, holistic and coherent manner is required. To this end, the Big Data Value Public-Private Partnership (BDV PPP) was established to develop the European data ecosystem and enable data-driven digital transformation, delivering maximum economic and societal benefit, and achieving and sustaining Europe’s leadership in the fields of big data value creation and Artificial Intelligence. This chapter describes the different steps that have been taken to address the big data value adoption challenges: first, the establishment of the BDV PPP to mobilise and create coherence with all stakeholders in the European data ecosystem; second, the introduction of five strategic mechanisms to encourage cooperation and coordination in the data ecosystem; third, a three-phase roadmap to guide the development of a healthy European data ecosystem; and fourth, a systematic and strategic approach towards actively engaging the key communities in the European Data Value Ecosystem.
|Title of host publication||The Elements of Big Data Value|
|Subtitle of host publication||Foundations of the Research and Innovation Ecosystem|
|Editors||Edward Curry, Andreas Metzger, Sonja Zillner, Jean-Christophe Pazzaglia, Ana García Robles|
|Publication status||Published - 1 Jul 2021|
|MoE publication type||A3 Part of a book or another research book|