Data-driven innovation: economic and social potential by Chris yiu
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Transcript of Data-driven innovation: economic and social potential by Chris yiu
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Data-driven innovation:economic and social potential
Chris YiuHead of the Digital Government Unit
@PXDigitalGov
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Topics for today
A sea of data1
Big data opportunities2
Innovation and growth3
The digital economy4
Creativity, certainty and copyright5
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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
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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
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Case study: Healthcare
http://www.flickr.com/photos/50382026@N06/4741451457
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Case study: Census
HM Government (1920)
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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)
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The digital economy
Growth Intelligence, NIESR, Financial Times (2013)
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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
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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)
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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?
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@PXDigitalGov
Thank you