Big Data is a term describing the continuous increase in data, and the technologies needed to collect, store, manage, and analyse it. It is a complex and multidimensional phenomenon, impacting people, processes and technology. From a technology point of view, Big Data encompasses hardware and software that integrate, organize, manage, analyse, and present data which is characterized by "four Vs": volume (size of the data sets), velocity (high speed of data processing), variety (different types and sources of data used), and veracity (high quality of analysed data).
The digitalisation of mechanical engineering presents immense benefits for European companies in terms of productivityand performance. The sector’s ‘cloudification’ is facilitating the accessof European SMEs to cloud-based high-performance computing that is highly customisable and cost-saving.
Thanks to technological breakthroughs in Earth observation, businesses and public agencies are now collecting data points at all times, from an ever-increasing number of sensors connected, all over our planet thanks to satellite observation.