Big data: what is it and who is using it? City Talk As the capabilities of analytics technology become ever more sophisticated, how are organisations mining and using this information and what are they doing with it? The value of information has been described as on par with and, depending on the information and how it is used, exceeding that of precious metals and fossil fuels. Although [...]
HMRC splashes £12m on data analysts DATA HMRC has almost tripled its yearly spend on data analyst and data scientist roles over the past five years, according to official figures. The data, retrieved via the Freedom of Information Act (FOI) and analysed by the Parliament Street think tank, revealed a large uptake in data analyst and data science staff year on year [...]
Data experts team up with Google, Microsoft and Mastercard for new UK post-Brexit govt council Post-Brexit push In order to boost cross-border data flow and trade post-Brexit, the government has set up a new council that comprises of a group of data experts from industry giants and academia. The International Data Transfer Expert Council will include representatives from the likes of Google, Mastercard and Microsoft when it meets for the first time [...]
Exclusive: Mayor of Newham Rokhsana Fiaz OBE on why local boroughs should capitalise on Londoners’ data January 15, 2022 Having received £40m from the Government’s levelling up fund to help build a ‘data corridor’ in London, Rokhsana Fiaz, the Mayor of Newham, argues open data is vital for the capital’s economy. The Council recently launched ‘Newham Sparks’, an initiative to attract investors to develop a data corridor in London, targeted at businesses working in [...]
Science: UK to take the lead on detector for powerful new particle collider October 11, 2021 Nuclear and particle physicists in the UK will be leading preliminary work to help design detectors at a new facility in the US. The Electron-Ion Collider (EIC) will be built at Brookhaven National Laboratory, America, with the aim of providing answers to some of the most fundamental questions in science on the nature of matter. [...]
London’s first charter ‘much needed’ as data is increasingly a corporate asset, says specialist September 22, 2021 Yesterday it was announced that London First will be launching the London Data Charter, which sets out the guiding principles for private and public sector data collaborations. The initiative aims to create commitment from signatories to be a part of London’s data ecosystem, by opening and sharing their data to define the collaboration and data-sharing [...]
Concerns grow as North America experiences warmest June on record July 7, 2021 North America experienced its warmest June to date with several cities in the U.S. and Canada recording a full 5 degree Celsius temperature rise above previous records, according to EU Earth observation program Copernicus. Despite a slew of rain and cloud in the UK last month, it was the second warmest June on record for [...]
T-Shaped Teams and the Three Stages of AI Adoption June 22, 2021 AI and data science will probably bring about the most significant changes to the financial services industry that the industry has witnessed in its short history. Yet, today, many financial institutions are still struggling to find their way to start the AI journey1. We propose a concept called T-shaped teams (See Exhibit 1) as the [...]
US Supreme Court gives LinkedIn fresh chance to stop data harvesters June 14, 2021 The US Supreme Court today granted LinkedIn another chance to prevent a rival recruitment data company from scraping personal data from its platform. LinkedIn previously tried to use the the Computer Fraud and Abuse Act to prevent rival hiQ from harvesting customer data from their public-facing user profiles. The Act prohibits accessing a computer without [...]
Investment professionals must beware of the cyber risks in portfolios May 25, 2021 Internet security blog posts are usually more at home on the inside pages of IT trade publications than on the front pages of international newspapers. The one published by Microsoft Corporate Vice President Tom Burt on 2 March, about the emergence of “state-sponsored threat actor” Hafnium, was a notable exception. A new threat had emerged, [...]