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Big Data refers to data that is exceedingly large, fast or complex that it’s impossible to process utilizing traditional methods. Big data has the potential to be a source for innovation in various sectors to speed up the development of society. Big data is an asset that can enhance and reform decision-making.
“Big data is at the foundation of all the megatrends that are happening.”
Big data encompasses three main characteristics: volumes, variety and velocity of structured semi-structured and unstructured data generated by the Internet, social media, audio, video, images and computerized transactions, is challenging our technical capacity to manage it. The major challenge is to develop capabilities to understand and interpret big data to take advantage of the opportunities it provides. To analyze and make sense of big data, advanced technologies and tools such as artificial intelligence, machine learning, and data mining are often used.
Interested in becoming a part of the SIREUS project?
The project enhances collaboration between the Swedish and American universities, facilitate bilateral innovation- and research projects and increase talent mobility between Sweden and the U.S. SIREUS will ultimately help universities and the business communities in both countries to secure the competence needs for the future and promote Sweden as a nation of knowledge, sustainability and innovation.
SIREUS, a collaboration between SACC-USA and 13 Swedish universities, focuses on knowledge exchange in innovation, science and entrepreneurship and increased talent mobility for students and researchers between Sweden and the U.S.