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Content archived on 2024-06-18

Transforming Raw Data into Information through Virtualization

Objective

The unprecedented evolution of computing power, combined with the decreasing costs of computation and storage infrastructure, has revolutionized all scientific fields and enterprises; at the heart of this revolution is the ability to collect unprecedented amounts of data. Real progress, however, depends on how efficiently we can ‘extract value from chaos’, i.e. process the collected data and transform it into useful information. Unfortunately, despite the impressive growth of data management technologies, data analysis application efficiency is hindered by the increasing data growth. The typical business intelligence architecture is far too complex to yield answers productively, with businesses operating large numbers of specialized data processing systems, with data being repeatedly moved, copied or transformed between them. The reason is that, despite tremendous progress, data management tools are based on legacy designs whose requirements are no longer adequate. A novel approach is needed urgently, or users risk losing the ability to leverage their hard-earned data.
In this proposal, we identify assumptions that do not scale with today’s massive data explosion, and design a comprehensive end-to-end solution that implements a novel form of data virtualization to vastly simplify data analysis. Our approach removes barriers to data handling and maximizes efficiency for science, businesses, and their users, by enabling new forms of data computation that are unrestrained by how data is collected or stored. This project constructs the building blocks for data-driven computing and the fourth paradigm of scientific discovery, thereby advancing our ability to automatically explore massive and complex datasets at sight, and dictate the new developments in sciences and the industry.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

ERC-2013-CoG
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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

ERC-CG - ERC Consolidator Grants

Host institution

ECOLE POLYTECHNIQUE FEDERALE DE LAUSANNE
EU contribution
€ 1 976 762,40
Address
BATIMENT CE 3316 STATION 1
1015 LAUSANNE
Switzerland

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Region
Schweiz/Suisse/Svizzera Région lémanique Vaud
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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Beneficiaries (1)

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