Big Data a factor in UK Chancellor’s autumn statement

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  • Author: Statistics Views
  • Date: 07 December 2012
  • Copyright: Photograph appears courtesy of iStock Photo

This week, UK Chancellor of the Exchequer George Osborne announced plans of transferring £600m from government savings into science, namely with research laboratories and advanced technology projects chosen for their potential to increase revenue.

thumbnail image: Big Data a factor in UK Chancellor’s autumn statement

This money is intended to develop high-level skills in areas where Britain can take a leading role. One area mentioned was the production and clarification of huge datasets, as well as stem cell research, energy, computing and manufacturing.

According to The Guardian, this amount is the largest provided for research since the coalition government began and is credit to their insistence that that science and technology are central in helping the UK to recover from the current economic crisis.

The money will be divided up within a three year period - £10m in the first year, £282m the next and £308m the final year. This announcement brings to fruition the thoughts and ideas at last month's Big Data Debate held at the British Academy.

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