Mining big data for salient information points presents a plethora of challenges, but in Europe a different issue with the action has emerged as a concern. Regulations prohibiting researchers and others from searching through the data in certain documents are putting countries on the continent at a competitive disadvantage in a number of fields, studies are revealing. With several economies there already in dire straits, the legal encumbrances could add to difficulties in improving financial situations.
The report, “Standardisation in the Area of Innovation and Technological Development, Notably in the Field of Text and Data Mining” lays out the problems of restricting mining in texts. It explains that because text- and data-mining technology is relatively affordable, it is available even to individual and small-organization researchers. The document was produced by an expert group appointed by the European Commission. That government body or its departments establish these groups to provide advice and expertise. They include at least six public- and/or private-sector members who meet more than once.
The personnel chosen for this particular task write in their report that “There is growing recognition that we are at the threshold of the mass automation of service industries (automation of thinking) comparable with the robotic automation of manufacturing production lines (automation of muscle) in an earlier era. [Text and data mining] will be widely used to provide insights in the redesign of this digital services economy. When it comes to the deployment of [text and data mining], there are worrying signs that European researchers may be falling behind, especially with regard to researchers in the United States.”