Data Economy 2.0: From Big Data Value to AI Value and a European Data Space

Sonja Zillner (Corresponding author), Jon Ander Gomez, Ana García Robles, Thomas Hahn, Laure Le Bars, Milan Petkovic, Edward Curry

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

11 Citations (Scopus)

Abstract

Artificial intelligence (AI) has a tremendous potential to benefit European citizens, economy, environment and society and already demonstrated its potential to generate value in various applications and domains. From a data economy point of view, AI means algorithm-based and data-driven systems that enable machines with digital capabilities such as perception, reasoning, learning and even autonomous decision making to support people in real scenarios. Data ecosystems are an important driver for AI opportunities as they benefit from the significant growth of data volume and the rates at which it is generated. This chapter explores the opportunities and challenges of big data and AI in exploiting data ecosystems and creating AI value. The chapter describes the European AI framework as a foundation for deploying AI successfully and the critical need for a common European data space to power this vision.

Original languageEnglish
Title of host publicationThe Elements of Big Data Value
Subtitle of host publicationFoundations of the Research and Innovation Ecosystem
EditorsEdward Curry, Andreas Metzger, Sonja Zillner, Jean-Christophe Pazzaglia, Ana García Robles
PublisherSpringer
Pages379-399
Number of pages21
ISBN (Electronic)9783030681760
ISBN (Print)9783030681753
DOIs
Publication statusPublished - 1 Aug 2021

Bibliographical note

Publisher Copyright:
© The Author(s) 2021. All rights reserved.

Keywords

  • Artificial intelligence
  • Big data value
  • Data ecosystem
  • Data spaces
  • Future directions

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