How Europe Can Seize the Starring Role in Big Data
On the world stage, it is clear who enjoys the starring role in the Internet-sphere. It’s safe to say that the US has given the Oscar-winning performance while Europe has played a distinctly supporting role. Consider this: globally, US-based companies represent close to 67% of the total market capitalization of public Internet companies while European companies account for less than 4% . Britain, Germany and France combined have 15 Internet firms valued at over $1 billion while the US alone has 87. Europe is yet to produce its own champions on the scale of Google, Facebook and Twitter.