1. DATA INNOVATION IN THE DIGITAL ECONOMY
Chandan Rajah [ @ChandanRajah ]
“Innovation without commercialisation is like a car without an engine” – Vince Cable
2. What’s the Digital Catapult ?
Not for Profit Organisation Funded by Innovate UK
Stimulate the Digital Economy
Unlock Value from DataHelp New Businesses Faster and more Trusted Ways
Collaborate Unlock Accelerate> >
One of Seven
Rapidly Advance UK’s best Digital Ideas
5. Personal Data, Privacy and Trust
“Find new ways for technologists to work with data whilst safeguarding individual privacy and security”
Projects
• Energy MiData
• Milton Keynes Citizen MiData Study
• European IT ICT Labs High Impact Initiative on Personal and Trusted Data
Evolution
• Trust Frameworks
• Capability Hub
• Central Consent Broker
6. Unlocking Diverse and Proprietary Data
“making information useable by creating new ways for small businesses to exploit the full potential of
diverse, proprietary and closed data sets”
Projects
• Trusted Data Hub *
• Open Health Data Platform
• Manchester Open Data
• Environment Data Hub
Evolution
• Data Exchange and Marketplace
• Simplified Data Licensing
• Ontology and Data Discovery
7. Internet of Things
“Accelerating the prototyping of future products and services by giving innovators advance access to
the next generation of connected technologies.”
Projects
• 5G Innovation Centre Access and Fellowship
• Milton Keynes Smart Hub
• Milton Keynes Whitespace
• European 5G PPP Community Engagement
• Euro CPS
Evolution
• Capability Hub
• Innovator Labs and Demonstration Space
8. Content Innovation
“Reduce licensing friction using technology to create a new business-friendly online marketplace for re-
use of creative content.”
Projects
• Copyright Hub *
• Capability Hub
Evolution
• Data Rights Management
• Metadata Hub
9. Big Data Science and the Value Chain ?
Generation Transport Knowledge Output Value
BIG DATA SCIENCE
Straddles all four Dimensions of Focus
10. Data Analytics to Data Discovery ?
data you know
data you don’t know
questionsyou’reasking
questionsyou’renotasking
Data Analyst
Data Scientist
Data
Analytics
Data Discovery
DATA MODELLING
Y F( X, random noise, parameters)
ALGORITHMIC MODELLING
Y [ BLACK BOX ] X
11. Health is the next Frontier for Disruption
PEOPLE CONDITION PROCEDURE REMEDY
“£120 billion spent on healthcare in the UK ~ 7% GDP
$1.2 trillion spent on healthcare in the US ~ 10% GDP” - WHO
“$800 billion of value locked in health data
6 – 8% unlocked today” – McKinsey & Co.
Cost Speedl Agilityl Capabilityl
12. WORDS OF WISDOM
NOT ALL ROADS LEAD TO ROME
TIME VALUE OF DATA KNOWLEDGE IS POWER
I AM AN INDIVIDUAL
WHAT - What is Big Data Science?
WHY - Why is it needed?
WHERE - Where is it being used?
HOW - How will it evolve?
TIME VALUE - Yesterday’s data is less valuable than today’s data
- Historical data is more valuable than just now alone
POWER - Get from unknown unknowns to known unknowns or known knowns is powerful
LEAD TO ROME - Exploring with no direct business impact is not a bad thing
INDIVUDUAL - Treat every customer as an individual not an aggregate and analyse
- Aggregate only individual insights