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Big Data: A New World for Opportunities

In recent years, Big Data has become a major topic in the field of ICT. It is evident that Big Data means business opportunities, but also major research challenges. According to McKinsey & Co1 Big Data is “the next frontier for innovation, competition and productivity”. The impact of Big Data gives not only a huge potential for competition and growth for individual companies, but the right use of Big Data also can increase productivity, innovation, and competitiveness for entire sectors and economies.