data-driven innovation: economic and social potential by chris yiu
DESCRIPTION
Presentation by Chris Yiu (Policy Exchange) from the 'Prefect Swell' workshop on text and data mining on the 27th of September 2013.TRANSCRIPT
Data-driven innovation:economic and social potential
Chris YiuHead 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 MPMinister for Universities and Science
Eight great technologies (2013)
The digital economy
Growth Intelligence, NIESR, Financial Times (2013)
The world’s top private digital businesses
United... UK
China
India
France Sw
Russia
Ger
Fin Ca
South...
82
4 4 3 2 2 2 1 1 1 1
October 2012
N = 103
United States ≈ 80%
California43
New York25
Others14
UnitedStates
Business Insider SAI Digital 100
Six pillars for success
Pro-market economic policy foundations
Ski
lls
Am
bitio
n
Fin
ance
Men
tors
Agi
lity
Cre
ativ
ity
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