Play Your Cards Right - Harnessing Data Creatively
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The UK has world-class strengths in many areas of relevance to data exploitation and is well-placed to take a lead in harnessing large and diverse data sources. While many businesses are highly data-driven, using internal data generated by their own activities, external data sources present huge opportunities for business - especially new and small enterprises that may not have built up significant internal data assets. The estimated indirect value of public data alone is between £10 billion and £100 billion. The potential value of other external sources of data could be at similar levels.
The Technology Strategy Board is to invest up to £7 million in collaborative research and development projects that will stimulate the development of innovative technologies and strategies to enable businesses to extract greater value from large and diverse sources of data. This session will provide an opportunity for attendees to think creatively about new products and services that could be developed through innovative combinations of data sources and technologies across different industries. Attendees may find that their new collaborative ideas leading from the session could be submitted to the Harnessing Large and Diverse Data Sources CR&D competition (Expression of Interest stage open until Oct 21st and full stage open until Dec 16th).
This session will be hosted by Zoe Webster, Lead Technologist – ICT, Technology Strategy Board