Presented at the Big Data Breakfast at Silicon Roundabout, this lightening talk debate the concept of 'Data is the new Money' highlighting industry trends. It also introduces the Digital Catapult and the role it has to play in the Data Economy

1. Data is the new Money
Chandan Rajah
Technology Expert and Advisor, Big Data
Digital Catapult
@ChandanRajah
… or is it?

2. barter, business, big data & beyond
1.
Barter
- Goods for Goods; Goods for Services
2.
Business
- Money for Goods; Money for Services
3.
Big Data
- Data as a product: Data for Services; Data for Money
4.
Beyond
- Data as a Currency: Data for reduced time, lesser cost or better quality of life;
Collective Data

3. trends
more data volunteered; more control demanded
data producers become consumers; pay with attention
metadata explodes in value; needle in a haystack
transparency is vital; rise of the privacy laws
independence to interdependence; rise of the machines
advent of personal data currency; valued by engagement

4. About the
Digital Catapult

5. what is the digital catapult ?
“Innovation without commercialisation is like a car without an engine” – Vince Cable
Not for Profit Organisation Funded by Innovate UK
One of Seven
Stimulate the Digital Economy
Rapidly Advance UK’s best Digital Ideas
Help New Businesses Unlock Value from Data Faster and more Trusted Ways
Collaborate > Unlock > Accelerate

6. dimensions of focus
1.
Personal, Data Privacy & Trust
“find new ways for technologists to work with data whilst safeguarding individual privacy and security”
2.
Unlocking Proprietary & Diverse Data
“making information useable by creating ways for innovators to exploit the full potential of closed data sets”
3.
Internet of Things
“accelerate the prototyping of future products by giving innovators advance access to new technology”
4.
Creative Innovation
“reduce licensing friction to create a new business-friendly online marketplace for re-use of content”

7. digital catapult & the data value chain
generation transport knowledge output value
Digital Catapult
across all four dimensions of focus

8. Thank You