Big data, big data or big nothing?

McKinsey Global Institute (MGI) published some months ago a report about Big data and where we really can expect to make significant gains (process improvement, doing more with better analyzed datasets, taking more efficient decisions within public or private sector etc.)

The five key sectors MGI analyzed were: Healthcare in the US; retail in the US; personal location data (on Global level); manufacturing (Global level) and, my favorite one, public sector administration in Europe.

The first question I would like to ask to our European institution is Have you read the paper and what’s your position regarding the drafted conclusions? A second (easy) one would be Do we have a similar institute that could extend the McKinsey research on Healthcare in the EU; retail in the EU? And final, but not least, are we coordinating some activities from the EU member states in order to win technology advantages compared to other continents? Where are we with Cloud computing legislation, legal regulation and harmonization for data privacy, big data analysis and, least but certainly not least, do we do something about the shortage of skilled people for analyzing the data or do we have some knowledge transfer plans ready to operate?

Or do we just wait that time passes?

You can find the report right here

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