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Ireland is a leading contender for data-driven investment in Europe

Ireland is a leading contender for data-driven investment in Europe
16 Nov 2016

First published by William Fry, Taxand Ireland and Forbes Insights, 16 November 2016

Europe for Big Data, a report produced by Taxand Ireland in association with Forbes Insights, has found that 61% of leading companies around the world  plan to increase their Big Data investments substantially over the next 18 months and 96% view Ireland as a favourable investment location. The report, which analyses the key factors driving big data strategies, is based on a survey of 200 C-suite executives in leading companies around the world and highlights that the business challenges and opportunities that Big Data offer are now a key part of decision making across most industries and sectors and can no longer be viewed as a technology issue.  Key findings in the report include: 

  • 73% of non-technology companies are making extensive use of data
  • 75% listed physical facilities as the focus of expected data-driven investment in Europe
  • 76% believe tighter regulatory controls are the best way forward 
  • Data-related conditions and regulations rank as two of the top five drivers for new locations.  
  • 82% rate Irelands data-related regulatory climate as good to excellent 
  • Ireland ranks second for EU data driven investment – behind the UK and in front of Germany

Discover more: Ireland is a leading contender for data-driven investment in Europe


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Taxand's Take

86% of global corporates believe data-driven investment in Ireland is possible or likely in the next year.

Taxand's Take Author

Martin Phelan
Taxand Board member
Ireland

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