Data-driven innovation: economic and social potential by Chris yiu

Data-driven innovation:economic and social potential

Chris YiuHead of the Digital Government Unit

@PXDigitalGov

Topics for today

A sea of data1

Big data opportunities2

Innovation and growth3

The digital economy4

Creativity, certainty and copyright5

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

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

Case study: Healthcare

http://www.flickr.com/photos/50382026@N06/4741451457

Case study: Census

HM Government (1920)

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)

The digital economy

Growth Intelligence, NIESR, Financial Times (2013)

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

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)

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?

@PXDigitalGov

Thank you