If you are a registered HEi-know user, please log in to continue.
You must be a registered HEi-know user to access Briefing Reports, stories and other information and services. Please click on the link below to find out more about HEi-know.
Universities and Science Minister David Willetts is to unveil £73 million of funding to help the public and academics unlock the potential of big data.
Speaking at a GovNet conference on high performance computing and big data today, he will outline details of the projects that help bring large sets of complex data into usable formats that can inform research and analysis.
It is estimated that the big data market will benefit the UK economy by £216 billion and create 58,000 new jobs before 2017.
The 55 projects receiving investment will drive innovation in a number of diverse areas, including developing a better understanding of human disease, tackling obesity and solving transport problems.
Mr Willetts said: “Big data is one of the eight great technologies of the future and a priority for government. It has the potential to transform public and private sector organisations, drive research and development, increase productivity and innovation, and enable market-changing products and services.
“This funding will help the UK grasp these opportunities and get ahead in the global race.”
The new big data investments are:
© 2013 Media FHE, all rights reserved