Data-driven innovation: economic and social potential by Chris yiu
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Data-driven innovation: economic and social potential by Chris yiu

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Presentation by Chris Yiu (Policy Exchange) from the 'Prefect Swell' workshop on text and data mining on the 27th of September 2013.

Presentation by Chris Yiu (Policy Exchange) from the 'Prefect Swell' workshop on text and data mining on the 27th of September 2013.

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Data-driven innovation: economic and social potential by Chris yiu Data-driven innovation: economic and social potential by Chris yiu Presentation Transcript

  • Data-driven innovation: economic and social potential Chris Yiu Head of the Digital Government Unit @PXDigitalGov
  • Topics for today A sea of data1 Big data opportunities2 Innovation and growth3 The digital economy4 Creativity, certainty and copyright5
  • Data, data, everywhere Total global storage capacity at mid 2012 = 2.5 zettabytes CAGR = 50% 1 zettabyte = 1 trillion gigabytes http://www.flickr.com/photos/bethscupham/7663247816
  • Big data opportunities Sharing data to save time, paper and moneyA Learning about performance in real timeB Personalising for a better user experienceC Solving problems and predicting the futureD Innovating for enhanced productivity and growthE
  • Case study: Healthcare http://www.flickr.com/photos/50382026@N06/4741451457
  • Case study: Census HM Government (1920)
  • Innovation and growth “With the right investments, the UK is well placed for the big data revolution” Rt Hon David Willetts MP Minister for Universities and Science Eight great technologies (2013)
  • The digital economy Growth Intelligence, NIESR, Financial Times (2013)
  • The world’s top private digital businesses 82 4 4 3 2 2 2 1 1 1 1 United States UK China India France Sweden Russia Germany Finland Canada South Korea October 2012 N = 103 United States ≈ 80% California 43 New York 25 Others 14 United States Business Insider SAI Digital 100
  • Six pillars for success Pro-market economic policy foundations Skills Ambition Finance Mentors Agility Creativity High-impact digital entrepreneurship Bits and Billions: A blueprint for high-impact digital entrepreneurship (2012)
  • Focus on copyright “Trying to make digital files uncopyable is like trying to make water not wet” Certainty is critical Fair use: an exception to copyright …or a fundamental user right?
  • @PXDigitalGov Thank you