New report says UK has potential to lead the data revolution
Ninety per cent of the world’s data has been created in the last two years alone, bringing with it huge opportunities and challenges. The ability to collect and quickly analyse large streams of data can provide new insights and inform decisions.
A new report has been published by the Department for Business Innovation and Skills which outlines how the UK can secure its place at the forefront of the data revolution – and there is potential for the South West to capitalise on this.
The report, Seizing the Data Opportunity, states that better data sharing, an improved national data infrastructure and developing data science as a professional discipline are crucial if the UK is to fulfill its potential in this growing sector.
"Knowing how to sort through the volume, bring different datasets together, and gain new knowledge and insight," is important, says the report.
“The UK needs to act now to build the capability within the UK to be at the forefront of extracting knowledge and value from data for the benefit of citizens, business, academia and government."
Bonnie Dean, chief executive of the Bristol & Bath Science Park, says: “There are already some exciting ‘big data’ projects taking place in Bristol and Bath and we have companies at the Park who are active in this sector.
“There is a real opportunity for the South West region to make its mark in the data revolution.”