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Home > News > Industry News > £6m for ODI to develop data sy.....

£6m for ODI to develop data systems

  • Author:Ella Cai
  • Release on:2017-10-18
Innovate UK is providing £6 million over three years to the Open Data Institute (ODI), to advance knowledge and expertise in how data can shape the next generation of public and private services, and create economic growth.

Now in its sixth year, the ODI works to build a strong, fair and sustainable data ecosystem by helping businesses and governments around the world get data to people who need it.

Over three years, the work announced today will enable the UK to build on its strengths in data and data analytics, break new ground in creating value from data across industry, and ensure that the UK remains at the forefront of data innovation globally.

It will include a number of projects chosen by the ODI to progress strategically important areas: building data infrastructure, improving data literacy, stimulating data innovation and progressing the ethical use of data.

In the first year of the programme, work will focus on creating economic, and social benefits from data, answering a range of key innovation questions and meeting business needs, including:

How can businesses make better technological and business model decisions by capitalising on emerging trends such as artificial intelligence, blockchain, and measures that provide greater control over personal data?

How are data and technology innovation communities spread across the UK, and what are their links with our top academic and business institutions? What does this tell us about where Government should invest, and where businesses should establish themselves?

How can data be used to improve the peer-to-peer accommodation market for organisations like AirBnB or LoveHomeSwap, to support businesses and communities, and improve the experience of consumers and users?

What are the most effective data-enabled public services? What lessons can they offer to other public sector workers developing services? And what new models can we uncover through experimentation?

How can government, businesses and communities work together to maintain data? How can they collaborate to ensure that data from multiple sources can be understood and combined easily?

In a statement on the funding, ODI chief executive Dr Jeni Tennison said: “Data is transforming the decisions we make as individuals, organisations and societies, from how we navigate from A to B, to finding an appropriate loan, to knowing where to invest to promote innovation. These new projects will advance our understanding of the opportunities data can bring as well as some of the pitfalls to avoid.

“Since the ODI launched five years ago we, with our global network, have unlocked over £80million of value, by supporting new businesses and services, to leading major data-focused initiatives.

“The work we are announcing today will find the best examples of things working well, so we can share and learn from them. We will take these learnings and help businesses and governments to use them and lead by example.”