Tag Archives: SME

Three ways of how Big Data is being used today

Christine Twiford, Manager Network Technology Solutions T-Mobile, explained the three ways of how Big Data is being used at the moment. Big Data, THE buzzword and main topic of conversation in the technology and SME world, is being explored more and more.

According to Christine, Big Data is currently being used for:

  • Discovery
  • Decision-making
  • Persuasion

Regarding the ‘discovery’ aspect, she mentioned that Big Data is used to test data sets and to find ways to define and better understand them. This makes it understandable but also shareable and usable for corporations and individuals because Big Data is analyzed in such a way that it actually starts to make sense.

Secondly, Big Data is being used in decision-making. As soon as data sets are defined and narrowed down to understand the value of them, hypothesises can be created which can then be tested. Through this, real-life scenarios are developed and the influence of big data on citizens (or customers) can be measured.

Finally, after Big Data has been discovered (understanded) and has been used to test hypothesis and pilots, the outcomes can be used for persuasion. The outcomes of the use of big data can be visualised to share findings and push change and innovation.

Christine emphasises the importance of opening up both corporate and government data to drive the economy. In collaboration with academic researchers, government institutions and NGOs, great innovations can be realised. A close collaboration is necessary as “researchers need corporation’s data to do their research and corporations need the academic methods to do their research effectively”. Consequently, a true win-win situation will be realised.

 

 

Future Cities Demonstrator competition

Local authorities of urban areas with a population of at least 125,000 in the UK can enter the Future Cities Demonstrator competition. This is a design competition to hunt for ideas for “future cities”. The UK government launched this competition worth £24 million and it’s funded by the Technology Strategy Board (TSB). The aim is to improve the overall quality of life for people living in the city. And they want to do this with unique and functional methods of integrating city systems in an environmentally-sound and economical way. So, this calls for large-scale designs.

There are lots of things that local authorities should consider when they think about these future cities. Transport, communication and waste management are just a handful of the systems that have to be put in a proposal for the future city.

Iain Gray, Chief Executive at TSB, said that in the future, efficient, attractive and resilient cities need to be delivered. So there will be a large market for innovative approaches. TSB is well positioned to exploit the growing market since they have world-leading companies in areas such as project management, engineering, architecture, energy and transport systems, communications and the digital economy.

When local authorities enter the competition, they can win one of the 20 grants of £50,000. These grants can be used to further demonstrate and develop the ideas they entered. And one of these twenty grants is a £24 million award for the final proposal.

The government hopes that the programme will give multinationals and homegrown SME’s an incentive to work together with cities and to start debates to create more efficient and integrated systems and products. The debate is already going on, with University College London, Imperial College and Cisco announcing in 2011 that they would open a Future Cities Centre in east London’s Tech City. And TSB  also announced earlier this year that they will launch the Future Cities Catapult, a technology research centre focusing on innovative city planning and supporting businesses in the field.

So the competition gives cities and businesses the change to test innovative ideas and see the results of their ideas sooner than they might have thought.