This open access book presents the foundations of the Big Data research and innovation ecosystem and the associated enablers that facilitate delivering value from data for business and society. It provides insights into the key elements for research and innovation, technical architectures, business models, skills, and best practices to support the creation of data-driven solutions and organizations. The book is a compilation of selected high-quality chapters covering best practices, technologies, experiences, and practical recommendations on research and innovation for big data. The contributions are grouped into four parts: · Part I: Ecosystem Elements of Big Data Value focuses on establishing the big data value ecosystem using a holistic approach to make it attractive and valuable to all stakeholders. · Part II: Research and Innovation Elements of Big Data Value details the key technical and capability challenges to be addressed for delivering big data value. · Part III: Business, Policy, and Societal Elements of Big Data Value investigates the need to make more efficient use of big data and understanding that data is an asset that has significant potential for the economy and society. · Part IV: Emerging Elements of Big Data Value explores the critical elements to maximizing the future potential of big data value. Overall, readers are provided with insights which can support them in creating data-driven solutions, organizations, and productive data ecosystems. The material represents the results of a collective effort undertaken by the European data community as part of the Big Data Value Public-Private Partnership (PPP) between the European Commission and the Big Data Value Association (BDVA) to boost data-driven digital transformation.

In this book readers will find technological discussions on the existing and emerging technologies across the different stages of the big data value chain. They will learn about legal aspects of big data, the social impact, and about education needs and requirements. And they will discover the business perspective and how big data technology can be exploited to deliver value within different sectors of the economy. The book is structured in four parts: Part I “The Big Data Opportunity” explores the value potential of big data with a particular focus on the European context. It also describes the legal, business and social dimensions that need to be addressed, and briefly introduces the European Commission’s BIG project. Part II “The Big Data Value Chain” details the complete big data lifecycle from a technical point of view, ranging from data acquisition, analysis, curation and storage, to data usage and exploitation. Next, Part III “Usage and Exploitation of Big Data” illustrates the value creation possibilities of big data applications in various sectors, including industry, healthcare, finance, energy, media and public services. Finally, Part IV “A Roadmap for Big Data Research” identifies and prioritizes the cross-sectorial requirements for big data research, and outlines the most urgent and challenging technological, economic, political and societal issues for big data in Europe. This compendium summarizes more than two years of work performed by a leading group of major European research centers and industries in the context of the BIG project. It brings together research findings, forecasts and estimates related to this challenging technological context that is becoming the major axis of the new digitally transformed business environment.

This open access book explores cutting-edge solutions and best practices for big data and data-driven AI applications for the data-driven economy. It provides the reader with a basis for understanding how technical issues can be overcome to offer real-world solutions to major industrial areas. The book starts with an introductory chapter that provides an overview of the book by positioning the following chapters in terms of their contributions to technology frameworks which are key elements of the Big Data Value Public-Private Partnership and the upcoming Partnership on AI, Data and Robotics. The remainder of the book is then arranged in two parts. The first part "Technologies and Methods" contains horizontal contributions of technologies and methods that enable data value chains to be applied in any sector. The second part "Processes and Applications" details experience reports and lessons from using big data and data-driven approaches in processes and applications. Its chapters are co-authored with industry experts and cover domains including health, law, finance, retail, manufacturing, mobility, and smart cities. Contributions emanate from the Big Data Value Public-Private Partnership and the Big Data Value Association, which have acted as the European data community's nucleus to bring together businesses with leading researchers to harness the value of data to benefit society, business, science, and industry. The book is of interest to two primary audiences, first, undergraduate and postgraduate students and researchers in various fields, including big data, data science, data engineering, and machine learning and AI. Second, practitioners and industry experts engaged in data-driven systems, software design and deployment projects who are interested in employing these advanced methods to address real-world problems.

Big Data Application in Power Systems, Second Edition presents a thorough update of the previous volume, providing readers with step-by-step guidance in big data analytics utilization for power system diagnostics, operation, and control. Bringing back a team of global experts and drawing on fresh, emerging perspectives, this book provides cutting-edge advice for meeting today's challenges in this rapidly accelerating area of power engineering. Divided into three parts, this book begins by breaking down the big picture for electric utilities, before zooming in to examine theoretical problems and solutions in detail. Finally, the third section provides case studies and applications, demonstrating solution troubleshooting and design from a variety of perspectives and for a range of technologies. Readers will develop new strategies and techniques for leveraging data towards real-world outcomes. Including five brand new chapters on emerging technological solutions, Big Data Application in Power Systems, Second Edition remains an essential resource for the reader aiming to utilize the potential of big data in the power systems of the future. - Provides a total refresh to include the most up-to-date research, developments, and challenges - Focuses on practical techniques, including rapidly modernizing monitoring systems, measurement data availability, big data handling and machine learning approaches for processing high dimensional, heterogeneous, and spatiotemporal data - Engages with cross-disciplinary lessons, drawing on the impact of intersectional technology including statistics, computer science, and bioinformatics - Includes five brand new chapters on hot topics, ranging from uncertainty decision-making to features, selection methods, and the opportunities provided by social network data

This open access book is part of the LAMBDA Project (Learning, Applying, Multiplying Big Data Analytics), funded by the European Union, GA No. 809965. Data Analytics involves applying algorithmic processes to derive insights. Nowadays it is used in many industries to allow organizations and companies to make better decisions as well as to verify or disprove existing theories or models. The term data analytics is often used interchangeably with intelligence, statistics, reasoning, data mining, knowledge discovery, and others. The goal of this book is to introduce some of the definitions, methods, tools, frameworks, and solutions for big data processing, starting from the process of information extraction and knowledge representation, via knowledge processing and analytics to visualization, sense-making, and practical applications. Each chapter in this book addresses some pertinent aspect of the data processing chain, with a specific focus on understanding Enterprise Knowledge Graphs, Semantic Big Data Architectures, and Smart Data Analytics solutions. This book is addressed to graduate students from technical disciplines, to professional audiences following continuous education short courses, and to researchers from diverse areas following self-study courses. Basic skills in computer science, mathematics, and statistics are required.

Big data technologies are used to achieve any type of analytics in a fast and predictable way, thus enabling better human and machine level decision making. Principles of distributed computing are the keys to big data technologies and analytics. The mechanisms related to data storage, data access, data transfer, visualization and predictive modeling using distributed processing in multiple low cost machines are the key considerations that make big data analytics possible within stipulated cost and time practical for consumption by human and machines. However, the current literature available in big data analytics needs a holistic perspective to highlight the relation between big data analytics and distributed processing for ease of understanding and practitioner use. This book fills the literature gap by addressing key aspects of distributed processing in big data analytics. The chapters tackle the essential concepts and patterns of distributed computing widely used in big data analytics. This book discusses also covers the main technologies which support distributed processing. Finally, this book provides insight into applications of big data analytics, highlighting how principles of distributed computing are used in those situations. Practitioners and researchers alike will find this book a valuable tool for their work, helping them to select the appropriate technologies, while understanding the inherent strengths and drawbacks of those technologies.

This Springer Brief provides a comprehensive overview of the background and recent developments of big data. The value chain of big data is divided into four phases: data generation, data acquisition, data storage and data analysis. For each phase, the book introduces the general background, discusses technical challenges and reviews the latest advances. Technologies under discussion include cloud computing, Internet of Things, data centers, Hadoop and more. The authors also explore several representative applications of big data such as enterprise management, online social networks, healthcare and medical applications, collective intelligence and smart grids. This book concludes with a thoughtful discussion of possible research directions and development trends in the field. Big Data: Related Technologies, Challenges and Future Prospects is a concise yet thorough examination of this exciting area. It is designed for researchers and professionals interested in big data or related research. Advanced-level students in computer science and electrical engineering will also find this book useful.