Roadmap for increasing uptake of TDM

The incentives for supporting text and data mining technologies (TDM) in Europe could not be clearer. The estimated value of TDM in the European Big Data Market is expected to grow to USD 10.3 billion in 2021, while the knock-on impact of TDM on the wider European economy has the potential to rise to USD 110.1 billion in 2020.1 It is therefore crucial that the European Commission take steps to support this rapidly growing area of technology, to maximise the benefits for Europe.

In fact, many industries and researchers are finding that big data analytics are not just an opportunity, but a necessity to deal with the sheer amount of content they work with. There is a growing realisation that data science is the new IT, and becoming crucial to all areas of the economy.

The FutureTDM project was created with the aim of understanding and reducing barriers to the uptake of TDM. Over the past 22 months, the project has engaged with stakeholders from all across Europe in order to develop a comprehensive understanding of the current TDM landscape, the barriers that exist, and a policy framework through which to address those barriers.

This roadmap brings together the outcomes of all the research activities of the FutureTDM project to present an EU-level path to stimulating TDM opportunities in Europe.