MAY 2018CIOAPPLICATIONSEUROPE.COM6BIG DATA SPECIALEditorialBig Data for Bigger Business GoalsBig data has long since become the norm today than being a newbie technology in the market. Leveraging analytics for advanced business decision-making has helped save operating dollars for some companies, while it goes a long way in knowing the customer for most organizations. It opens up doors for improvement, innovations, and rendering powerful products.Slated to reach 739 billion Euros in value by 2020, the European data economy looks bright and has a lot to offer enterprises that are on the way to adopting a big data strategy or are adding scale and function to their existing data lakes. Several non-profit communities such as the Big Data Value Association (BDVA) have in recent years witnessed success in raising big data-related awareness among both large enterprises and SMBs. Several crowd-sourced and open-sourced research programs and innovative projects have been charted to boost the European big data value. The European Commission on its part also actively contributes toward the European ICT market's growth. On an organizational-level, most companies have their own version of setting up big data initiatives to address prevalent challenges surrounding transparency of data, credibility, usage ethics, lack of skilled talent, and governance to name a few.Looking at some of the recent trends in the space, we can see that there is a powerful drive among enterprises across most industry verticals for self-serviced business intelligence capabilities. Furthermore, prescriptive analytics solutions that leverage cognitive and deep-learning capabilities will garner mainstream interest across Europe. Similar to big data communities, even companies in Europe find investing more in open-source technologies to be more beneficial and economical. On the other hand, skill gaps pertaining to the core technology, as well as data literacy and data storytelling will continue to grow. Also, security and privacy compliance will continue to be a key imperative for European big data initiatives.Coming up with this edition has been an exploration of a number of innovative service providers, changing trends, needs of the hour, and a glimpse into how the future of big data will turn out to be. We hope the valuable insights from industry thought leaders and the solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your institution.Let us know your thoughts!Joe PhillipManaging Editoreditor@cioapplicationseurope.comJoe PhillipCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Volume 02 - 08Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsEuropeVisit www.cioapplicationseurope.com Managing EditorJoe PhillipGraphics & ArtJohn ConnorDeclan ColeJeevan JyothiAssistant Managing EditorKavyashree M RSenior WritersClara MathewLeah JaneRoyce D'SouzaEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJames SmithNaomi DaleRachel ClarkAmitav HaldipurSalesJennifer.Sjennifer.s@cioapplications.com 510.996.5125*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact UsPhone: 510.996.5125Emailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comMAY - 7 - 2018
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