From ACM TechNews:
Big Data at Your Service
CORDIS News
(07/25/12)
The growing use of information and communication technology is generating vast volumes of structured and unstructured data that present an opportunity that European Union (EU) research initiatives are seeking to take advantage of by promoting open data. For example, the EU-funded Weknowit project, also called emerging, collective intelligence for personal, organizational, and social use, has devised a platform for converting unstructured user-produced content into a new collective intelligence with many uses. Project coordinator Yiannis Kompatsiaris says the platform includes "meaningful topics, entities, points of interest, social connections, and events." Projects that could benefit scientific research include the data infrastructures ecosystem for science effort, which has developed an interoperable framework to enable the sharing of different e-infrastructures' computing and software resources irrespective of location, format, technology, language, protocol, or workflow. Some EU projects are exploring the commercial monetization of structured data, one being the commercially empowered linked open data (LOD) ecosystems in research project. Its objective is to develop a robust LOD commercialization platform based on a value-creation-chain among traditional and nontraditional roles in data marketplaces. Meanwhile, the linguistically motivated semantic aggregation engines project focuses on the leveraging of language and semantic search technology to enhance the online experience.
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ReplyDeleteThe EU's initiatives to harness the potential of open data through projects like Weknowit and others highlight a significant step forward in managing the vast amounts of data generated by modern information and communication technologies. By transforming unstructured content into actionable insights and fostering collaboration across diverse scientific infrastructures, these projects not only enhance research capabilities but also open up new avenues for commercial opportunities. The focus on linked open data (LOD) and semantic technologies underscores the importance of interoperability and effective data monetization, which can drive innovation and economic growth. Overall, these efforts reflect a forward-thinking approach to data utilization that could have far-reaching benefits for both research and industry. Data science courses in Gurgaon
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The integration of Big Data in various EU research projects is fascinating, particularly with its potential to unlock collective intelligence. The platform developed by the Weknowit project stands out for turning unstructured content into meaningful insights. It’s exciting to see the future of Big Data moving towards both scientific and commercial applications, particularly with open data initiatives.
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The increasing adoption of information and communication technology has indeed led to an explosion of structured and unstructured data, creating immense opportunities for innovation. The EU's efforts in promoting open data through initiatives like the Weknowit project and the development of interoperable data infrastructures are commendable. These projects not only enhance scientific research but also open avenues for commercial monetization of structured data, bridging the gap between data-driven insights and practical applications. With the rise of big data, learning how to analyze and leverage this information has become crucial. Those interested in gaining expertise in this field can explore data Science courses in Delhi which offer comprehensive training in big data analytics, machine learning, and AI to meet the growing demand for skilled professionals.
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The article highlights the growing importance of Big Data and how European Union (EU) research initiatives are leveraging open data to drive innovation across various sectors. Projects like Weknowit and the data infrastructures ecosystem for science are excellent examples of how structured and unstructured data can be harnessed for scientific and commercial applications. The development of linked open data (LOD) ecosystems further shows how data can be monetized efficiently in the digital economy.
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Returning to the EU initiatives, the integration of semantic search technologies and language processing in projects like the linguistically motivated semantic aggregation engines is set to enhance the way we interact with online data. As big data continues to evolve, its impact across industries—including healthcare, research, and business—is only expected to grow.
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This blog states its objective is to develop a robust LOD commercialization platform based on a value-creation-chain among traditional and nontraditional roles in data marketplaces.
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