Connected Liverpool hosted its second Think Tank for the Future Cities Catapult in Liverpool yesterday. The Think Tank “The Big Data Workshop” was hosted in Liverpool Science Park where excellent meeting facilities, food, and drinks were provided by Open Labs, an organisation supporting local creative technology companies to develop new products and services that capitalise upon global opportunities.
The Think Tank was chaired by Nigel Rix and Richard Foggie from the TSB who opened the workshop with a short speech regarding the progress of the Future Cities Business Plan and the necessity of such workshops/ brainstorm sessions to create innovative ideas that will directly feed into the TSB. This time, the focus was on “Big Data”. Big Data, an increasingly popular topic in society, forms the foundation of innovation. The TSB wants to explore the opportunities within this space to drive innovation and benefit citizens. Therefore, Connected Liverpool organised this workshop to come up with new and creative ways of using data and deriving value from it to drive the economy and enhance citizen’s quality of life.
According to Richard Foggie, “90% of all data was created in the past 2 years. By 2035, we will have the means to create 100% of data instantly.” The challenge however, is to understand and use this data in a way that it could actually create value. This Big Data Workshop was focused on just this. Because of its success, Connected Liverpool plans to organise similar events for the TSB in the future.