€2 million for Big data Technologies Horizon Prize

The European Commission launch the Big Data Technologies Horizon Prize for optimising the use of energy grids through a more precise forecasting system.

A total sum of €2 million will be awarded to the winning data analytics solutions that devise an energy grid traffic forecasting system that is accurate, fast and scalable.The three top ranked contestants will have to develop software solutions that will be designed to analyse extremely large collections of datasets, from time recordings of weather conditions to operation of energy grid management. More information on the big data prize is available here. What the Commission is doing to facilitate cross-border access to non-personal data is outlined in this press release. Another emerging technology prize was launched last week, when the Commission announced the €5 million European Innovation Council (EIC) Horizon Prize on Blockchains for Social Good.It will award 5 prizes of €1 million to social innovations using Distributed Ledger Technology (DLT), including blockchain based solutions. The prize is the third of six EIC Horizon Prizes. Both prizes are funded under Horizon 2020, the EU’s research and innovation programme.

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