A Decision Support Tool for Evaluating Big Data Investment in Transport: Empirical evidence from European use cases of NOESIS project

Big Data technologies have become extremely popular in transportation applications worldwide. The European Union (EU) Horizon 2020 (H2020) NOESIS project (http://www.noesis-project.eu) aims at improving the understanding about the impact of big data by creating a Decision Support Tool for evaluating big data investment in transport. Towards this aim, key challenges of Big Data utilization in the transportation domain are identified, use cases of applications are recorded and a benefit evaluation of Big Data applications is designed, in order to support future decisions. These tasks form the scope of this research. Initially, 13 areas of focus for Big Data in Transport are presented, followed by the first library of recorded Big Data use cases, along with a Data Benefit Analysis methodology and a decision support tool. As a result, a first holistic approach towards exploiting the socioeconomic impact of transportation investments using Big Data is formed