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£73 million to improve access to data and drive innovation

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David Willetts unveils £73 million of new funding to help the public and academics unlock the potential of big data.

The Universities and Science Minister David Willetts will unveil £73 million of new 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 later today (6 February 2014), David Willetts 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.

Universities and Science Minister David Willetts said:

Big data is 1 of the 8 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 Medical Research Council (MRC) will be investing £50 million in bioinformatics, which uses many areas of computer science, statistics, mathematics and engineering to process biological data. Benefits include an improved understanding of human disease
  • The Arts and Humanities Research Council (AHRC) has £4 million of funding for 21 new open data projects. They will make large data sets that ordinarily only academics would have access to accessible to the general public. For example, Lancaster University is working on a project that will ‘unlock’ many thousands of musical scores which are stored online as frozen images, opening them up to a new generation of musicians

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