Tag Archives: economic models

Catalysing economic growth: releasing the value of big data

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EP/K039504/1

How will Big Data affect innovation, growth and well-being in the UK economy? By Big Data we mean very large or complex datasets that are constantly accumulating in society because of the dramatically increased ability to sense, capture, store and analyse information about social, economic, or scientific phenomena. We anticipate that Big Data and associated analytics may ultimately transform how societies and communities view themselves, and how governments, large corporations, and entrepreneurial startup companies relate to those populations. Therefore it is essential to consider how Big Data might contribute to economic growth and generate opportunities for innovation for UK companies. Continue reading